Lucid (LCID) Results 2025 Q2

Lucid Group Tuesday, he smoothed the view of the production of the year, lost Wall Street expectations when he reported earnings in the second quarter.

The electric vehicle manufacturer predicts about 18,000 and 20,000 vehicles after projecting 20,000 targets before.

Lucid shares fell by more than 9% after Tuesday.

Here is the company ended on June 30 compared to Wall Street based on a survey survey by Lega:

• Loss per share: 24 cents adjusted vs. expected that 21 cents will be lost
• Revenue: $ 259 million vs. $ 280 million are expected

The company had a net loss for $ 855 million, or for each 28 cents fee, a net loss of $ 790 million or 34 cents per fee, last year. Restructuring and excluding other single-time costs, the company has adapted a loss of 24 cents for a quarter.

Lucid’s total cost and expenditure rose by 7.5% in the same period last year, $ 1.06 million.

The Autometers lasted approximately $ 4.86 million in the quarter throughout liquidity.

Last month, Lucid announced Uber would like Invest $ 300 million The company, within a partnership to spread more than 20,000 Robaxis over the next six years. He is trying to build his brand awareness, partly forming the actor Timothée Chalamet in a new ad campaign.

But Lucid is burning in cash while working to increase its production Gravity SUVHis second vehicle after air sedan.

“We focus on business basics to achieve our vacuum terms: disciplined cost management, building brand and running our Gravity Lacity ramp,” CFO Taufiq Boussaid was released.

Lucid said in July present 3,309 vehicles in the second quarter, compared to 38.2% compared to the same period 2024, but analysts are short expectations.

It has been a request for empty electric vehicles Slower than expectedand they have been engaged by consumer Cheaper hybrids.

The industry has also reached the influence of the President Donald Trump in the influence of the new tax and spending bill, signed by Law on 4 July. To end this legislation $ 7,500 Tax Credit Use new electric vehicles and $ 4,000 credit from September 30th.

Lucid Stock fell almost 19% on Tuesday Tuesday.