Lucid Reaffirms $1.4 Billion 2026 Cash-Flow Improvement Target

Lucid Group reaffirmed its $1.4 billion cash-flow improvement target for 2026 and said it plans a commercial robotaxi launch in the Bay Area in the first quarter of 2027.

“We are on track to deliver our $1.4 billion cash flow improvement target for '26,” Lucid CEO Silvio Napoli said on the company’s third-quarter earnings call. Cash consumption fell 30% sequentially in the quarter, while pro forma liquidity stood at $3.75 billion at quarter-end.

Lucid expects driverless testing in the fourth quarter. Its partnership with Bolt aims to deploy at least 25,000 autonomous vehicles based on Lucid’s upcoming Midsize platform, part of the companies’ autonomous-mobility plan.

Lucid expects its AMP-2 facility to be ready for inauguration in early 2027. Midsize production remains scheduled for the second half of 2027, following a delay from the end of 2026 as part of the company’s restructuring and cost-reduction plan, detailed in coverage of Lucid’s third-quarter results.