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Investing.com - Lucid Group Inc . (NASDAQ:LCID) delivered 3,309 vehicles in the second quarter of 2025, falling short of analyst expectations but showing improvement over the same period last year. The company has demonstrated strong revenue growth of 41% over the last twelve months, and according to InvestingPro data, analysts anticipate continued sales growth for the current year.
The electric vehicle manufacturer’s Q2 deliveries missed Cantor Fitzgerald’s estimate of 3,791 vehicles and the Visible Alpha consensus of 3,611 vehicles. The figure represents a year-over-year increase from 2,394 deliveries in Q2 2024.
Lucid also produced 3,863 vehicles during the quarter, below Cantor Fitzgerald’s estimate of 4,000 and the Visible Alpha consensus of 4,305 vehicles. This production number exceeds the 2,110 vehicles produced in the second quarter of 2024.
The company’s full-year 2025 production guidance remains unchanged at 20,000 vehicles, compared to 9,029 vehicles produced in fiscal year 2024. Lucid delivered 10,241 vehicles in FY 2024 and maintains its FY 2025 capital expenditure guidance of approximately $1.4 billion.
On July 8, a Lucid Grand Touring set a Guinness world record for miles driven on a single charge, traveling 749 miles (approximately 1,205 kilometers) from St. Moritz, Switzerland, to Munich, Germany.
In other recent news, Lucid Group Inc. reported delivering 3,309 vehicles in the second quarter of 2025, missing several analysts’ expectations, including those from Benchmark, Cantor Fitzgerald, and Stifel. Despite this, the deliveries marked a 38% year-over-year increase. Lucid also produced 3,863 vehicles during the quarter, reaffirming its full-year production guidance of 20,000 units. Benchmark maintained a Buy rating with a $5.00 price target, emphasizing Lucid’s strong liquidity and advanced technology. In contrast, Cantor Fitzgerald and Stifel both reiterated a Neutral and Hold rating, respectively, with a $3.00 price target. Additionally, Lucid set a new Guinness World Record for the longest journey by an electric vehicle on a single charge with its Air Grand Touring model. The car traveled approximately 749 miles without recharging, showcasing Lucid’s technological capabilities. Stifel highlighted Lucid’s domestic manufacturing advantage in handling potential tariff challenges while expressing confidence in the strong demand for the Gravity SUV.
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