Lucid's CEO, Silvio Napoli, said the EV maker rushed cars to market. The company said it will hold back its coming mass-market SUV for more testing.

The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.

Lucid's CEO said on an earnings call that the midsize vehicle will start production in early 2027 and ramp up later in the year.