US EditionWhy Is Lucid Stock Falling Overnight? - Lucid Group (NASDAQ:LCID)
CASA GRANDE, ARIZONA, AUG 5 – Lucid lowered its 2025 production forecast due to supply chain and market challenges despite a 38% year-over-year delivery increase in Q2, marking six straight quarters of record deliveries.
- In its second-quarter update on Tuesday, Lucid Group revised down its 2025 production guidance after reporting revenue of $259.4 million, missing expectations.
- Supply chain troubles, including a shortage of critical magnets from China, drove Lucid to lower its forecast amid the end of the $7,500 federal tax credit on Sept. 30 and slower demand for pure electric vehicles.
- Lucid Group posted a net loss of $790 million, or 0.34 per share, despite delivering 3,309 vehicles, a 38.2% increase, and ending with $4.86 billion in liquidity.
- Following the earnings miss, Lucid shares fell more than 9% in after-hours trading Tuesday, prompting a 1-for-10 reverse stock split to support the share price.
- Despite lowering its forecast, Lucid plans to significantly increase production in the second half of 2025, unveil a new midsize platform next year, and last month partnered with Uber and Nuro to deploy over 20,000 robotaxis.
14 Articles
14 Articles
Lucid Stock Is Falling and It’s Only Going to Get Worse
Key Points in This Article: Lucid’s (LCID) Q2 earnings missed analyst expectations, with revenue of $259.4 million and an adjusted loss of $0.24 per share. LCID stock fell 8.5% in midday trading, reflecting investor disappointment with the results and outlook. CEO Marc Winterhoff cut the 2025 Gravity SUV production forecast to 18,000 to 20,000 vehicles, admitting delays in production ramp-up. Nvidia made early investors rich, but there is a …
Why Is Lucid Stock Falling Overnight? - Lucid Group (NASDAQ:LCID)
Lucid Group Inc. (NASDAQ:LCID) stocks are trending on Tuesday following the release of second-quarter earnings by the company. Check out how LCID stock is trading here. What Happened: Lucid shares fell 8.26%, to $2.22 in after-hours trading on Tuesday after the electric vehicle (EV) maker reported second-quarter results that missed analyst expectations and lowered its production forecast. The California-based EV company reported second-quarter …
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