Lucid (LCID) results Q2 2025

Lucid group On Tuesday, Wall Street reports the second quarter earnings that missed their expectations and softened the production appearance for the rest of the year.

The electric vehicle manufacturer is waiting to produce 18,000 to 20,000 vehicles for the year after reflecting 20,000 goals.

Lucid shares fell more than 5% after the transaction on Tuesday.

Based on a survey of LSEG’s analysts, what the company has reported in the three -month period that ended on June 30th is explained below:

• Loss per share: 24 cents set and 21 cents loss is expected
• Revenues: 259 million dollars and 280 million dollars expected

Compared to $ 790 million or 34 cents per share in the same period of the previous year, a net loss for $ 855 million or 28 cents per share. Excluding restructuring and one -time costs, the company recorded a damage to 24 cents per share for the quarter.

Lucid’s total costs and costs increased by 7.5% compared to the same period last year, $ 1.06 billion.

The car manufacturer said that the quarter ended with a total liquidity of about 4.86 billion dollars.

Last month, Lucid announced this Uber In the next six years, he would invest $ 300 million in the company as part of the partnership of more than 20,000 robotaxes. At the same time, trying to create brand awareness, partly by touching the actor Timothée Chalamet taking a role in a new advertising campaign.

However, Lucid burns with cash while working to increase the production of gravity SUV, the second vehicle after the air sedan.

“We are focusing on business foundations to achieve our close -term goals: disciplined cost management, brand development and be clear gravity launching ramp continues in a version of CFO Taufiq Boussaid. He said.

Lucid said that it provided 3,309 vehicles in the second quarter in July and that there was an increase of 38.2% compared to the same period in 2024, but analyst’s expectations were not shortened.

The demand for pure electric vehicles has been slower than expected, and consumers turn to cheaper hybrids.

The industry is also preparing for the impact of the new bill of tax and expenditure, which President Donald Trump signed on July 4th. This legislation will terminate a tax loan of $ 7,500 for new electric vehicles after 30 September and the $ 4,000 for used homes.

The Lucid stock fell approximately 19% from the closing of Tuesday this year.