Lucid Group Inc Stock News

Lucid and Rivian posted disappointing earnings reports late Tuesday. Why Tesla investors shouldn't sweat it.

Lucid Group, Inc. (NASDAQ:LCID ) Q2 2025 Earnings Conference Call August 5, 2025 5:30 PM ET Company Participants Marc Winterhoff - Interim Chief Executive Officer Taoufiq Boussaid - Chief Financial Officer Conference Call Participants Andres Juan Sheppard-Slinger - Cantor Fitzgerald & Co., Research Division Stephen David Gengaro - Stifel, Nicolaus & Company, Incorporated, Research Division Thom...

Lucid lowered its annual production forecast and missed Wall Street estimates for quarterly revenue on Tuesday, at a time when U.S. trade tensions have cast a dark cloud over some automakers as consumers rein in big spending budgets.

Lucid Group reported second-quarter earnings that missed expectations. The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.

Financial Highlights Produced 3,863 vehicles in Q2 Delivered 3,309 vehicles in Q2; up 38.2% compared to Q2 2024 Q2 revenue of $259.4 million Q2 GAAP diluted net loss per share of $(0.28); non-GAAP diluted net loss per share of $(0.24) Ended the quarter with approximately $4.86 billion in total liquidity Production outlook for 2025 is revised to 18,000 - 20,000 vehicles from prior guidance of 20...

Lucid (NASDAQ: LCID) may be preparing to cut its annual production guidance, according to Cantor Fitzgerald analyst Andres Sheppard, ahead of the company's highly anticipated second-quarter earnings call scheduled for Tuesday.

Global electric car sales in June 2025 are up 22% YoY to 28% share. China sales up 30% to 53% share. Europe up 23% to 29% share. USA down 8.4% to 9.04%. EV market news - In H1 2025, China NEV sales jumped 40.3% to 6.94 million units. China's robotaxi market to reach $44.5B by 2035, ~900x its current size. EV company news - BYD H1 2025 sales were up 31.5% YoY. Tesla secures Robotaxi testing perm...

Lucid Group (LCID -1.63%) stock saw a big pop last month after the company announced that it had entered into a robotaxi partnership with Uber Technologies. Uber will purchase 20,000 or more of the automaker's vehicles over the next six years and use them as key components of its robotaxi fleet.