Lucid CEO says the company didn't know where its own cars were

Gaps in its logistics system caused the EV maker to lose orders.

By Steve Dent Nov. 11, 2026 4:56 am EST Sam Rutherford for Engadget Add Engadget on Google: Google Discover

Lucid, the California-based Tesla rival that makes luxury EVs like the Air and Gravity, has an interesting excuse for its third quarter earnings underperformance. The company said it lost sales due to inventory control issues, with CEO Silvio Napoli admitting in an earnings call that sometimes "we did not even know where cars were." That chaos resulted in slow delivery times up to two weeks that caused Lucid to lose orders from impatient buyers.