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Investing.com - Stifel has reiterated its Hold rating and $3.00 price target on Lucid Group Inc . (NASDAQ:LCID) following the electric vehicle maker’s second-quarter 2025 delivery results. According to InvestingPro data, Lucid currently trades at $2.08, near its 52-week low of $1.93, with a market capitalization of $6.25 billion.
Lucid delivered 3,309 vehicles in the second quarter, missing Stifel’s forecast of 3,852 by 14.1% and falling short of the consensus estimate of 3,848. Despite the miss, deliveries increased 6.4% sequentially from 3,109 in the first quarter and rose 38.2% year-over-year from 2,394. This aligns with the company’s broader growth trajectory, as InvestingPro data shows revenue growth of 40.67% over the last twelve months, though the company maintains negative gross margins.
Production figures also fell below expectations, with Lucid manufacturing 3,863 vehicles during the quarter, 13.0% below Stifel’s projection of 4,440. Production increased significantly, rising 74.6% sequentially and 83.1% year-over-year, primarily driven by the introduction of the Gravity SUV.
Stifel noted that Lucid appears better positioned than legacy automakers to handle potential tariff headwinds due to its domestic manufacturing footprint, though it is not completely immune to such challenges. The firm remains confident in strong demand for the Gravity SUV and expects the restart of customer deliveries to drive solid growth through the end of 2025.
Management’s previous guidance for full-year 2025 production of 20,000 units likely remains intact, according to Stifel’s analysis. With the next earnings report due on August 11, 2025, investors can access comprehensive analysis and 12 additional key insights through InvestingPro’s detailed research report, which provides deeper visibility into Lucid’s financial health and growth prospects.
In other recent news, Lucid Group announced it produced 3,863 electric vehicles and delivered 3,309 units in the second quarter of 2025. For the first half of the year, the company produced 6,075 vehicles and delivered 6,418 units. Lucid plans to discuss its full financial results for the second quarter in an upcoming earnings conference call. Cantor Fitzgerald has maintained its Neutral rating on Lucid Group with a $3.00 price target, citing risks such as negative gross margins and challenges in production scaling. The firm also highlighted concerns over capital requirements and the potential impact of tariffs and EV tax credit removal. Lucid has strengthened its supply chain by entering a multi-year agreement with Graphite One for U.S.-sourced natural graphite, which will begin production in 2028. Additionally, Lucid Group appointed Douglas Grimm to its board of directors, bringing his extensive experience in the automotive sector. These developments reflect Lucid’s ongoing efforts to solidify its position in the competitive electric vehicle market.
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