Lucid Group Inc Stock News

The stock market struggled in the first quarter of 2025, but investors in Lucid Group (LCID -4.69%) had it much worse. The electric vehicle (EV) stock plunged 19.9% in Q1, according to data provided by S&P Global Market Intelligence, versus the Nasdaq Composite's (^IXIC -0.53%) 10.4% drop.

Though not the only stock to rally on what was expected to be Black Monday 2025, Lucid (NASDAQ: LCID) stock's climb in yesterday's session is particularly noteworthy.

It might seem like investors in Lucid Group (LCID -1.08%) can't catch a break these days. After years of disappointing results, slow delivery growth, and production hiccups and delays, the young electric vehicle (EV) maker finally seemed to have momentum and growth on its side.

Lucid (LCID -1.08%), like all companies, wants to accentuate the positives when it reports financial results. The big positive in 2024 was the fact that the electric vehicle (EV) maker produced a record number of vehicles in each quarter of the year.

Lucid stock (NASDAQ: LCID) has been on a bumpy road ever since its 2021 initial public offering (IPO).

Signs of Tesla's (TSLA -6.18%) brand crisis are almost everywhere you look.

Lucid delivers 3,109 cars in the first quarter, the highest quarterly total in the company's history and in line with Wall Street estimates.

NEWARK, Calif. , April 3, 2025 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 5.00% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.