Lucid Motors reported lower-than-expected vehicle deliveries for the first quarter of 2024, citing disruptions from a seat supplier that impacted production and delivery schedules.

The electric vehicle manufacturer acknowledged the supply chain issue affected its ability to meet delivery estimates for the three-month period ending March 31. Industry analysts had projected higher delivery numbers based on the company's previous guidance and production capacity.

Lucid officials stated the supplier problem has been resolved and emphasized that the disruption will not affect the company's longer-term projections. The company indicated it is maintaining its delivery guidance for 2026, suggesting confidence that the first-quarter shortfall represents a temporary setback rather than a systemic production challenge.

The delivery miss highlights ongoing supply chain vulnerabilities facing electric vehicle manufacturers as they scale production. Seat suppliers and other component manufacturers have become critical bottlenecks for automakers transitioning to electric platforms, with even minor disruptions capable of significantly impacting quarterly delivery numbers.

Lucid, which began customer deliveries of its Air sedan in late 2021, has faced various production ramps and supply chain challenges as it works to establish itself in the competitive luxury electric vehicle market.