- Lucid Motors is no longer sure how many electric cars it will build this year.
- The company suspended its full-year guidance after reporting a $1 billion first-quarter net loss.
- Sales of the Gravity SUV were halted for nearly a month because of a seat defect that also prompted a recall.
Lucid Motors, the maker of the Air sedan and Gravity crossover, said it is no longer confident in the number of electric cars it will build or sell this year. The company suspended its full-year guidance, reporting a $1 billion net loss in the first quarter after pausing Gravity sales over a seating defect that prompted a recall.
