Lucid delivers 3,309 vehicles in second quarter

NEWARK, California - Lucid Group, Inc. (NASDAQ:LCID), currently trading near its 52-week low at $2.04, announced it produced 3,863 electric vehicles and delivered 3,309 units during the second quarter ended June 30, 2025. According to InvestingPro analysis, the company maintains a strong liquidity position with more cash than debt on its balance sheet.

The luxury electric vehicle manufacturer reported that for the first half of 2025, it produced 6,075 vehicles and delivered 6,418 units, according to a company press release. While analysts anticipate sales growth this year, InvestingPro data indicates the company faces profitability challenges with negative gross profit margins.

Lucid plans to discuss its complete financial results for the second quarter during an earnings conference call scheduled for August 5, 2025, at 2:30 pm PT. The company noted that the production and delivery figures represent only one measure of its operating performance and should not be relied on as sole indicators of quarterly financial results.

The company will enable shareholders to submit questions for the upcoming earnings call through a platform provided by Say Technologies, which will be available from July 22 until August 4.

Lucid Group, based in Silicon Valley, manufactures its vehicles at a factory in Arizona. The company produces the Lucid Air sedan and the newer Lucid Gravity model.

The company’s net income and cash flow results will be announced with its complete second quarter financial performance in early August.

In other recent news, Lucid Group Inc. has made significant strides in securing its supply chain with a new multi-year agreement for U.S.-sourced natural graphite from Graphite One, set to begin production in 2028. This move complements a previous agreement for synthetic graphite from Ohio, highlighting Lucid’s efforts to bolster its supply of essential battery materials. In addition to this, Lucid has appointed Douglas Grimm to its board of directors, bringing extensive experience from the automotive sector. Meanwhile, analysts from Cantor Fitzgerald and Stifel have maintained their neutral and hold ratings, respectively, with a consistent price target of $3.00. Stifel analysts noted Lucid’s strong first-quarter performance in 2025, attributing it to effective cost optimization strategies. However, concerns remain about Lucid’s significant cash burn and the potential need for additional capital. The company is on track with its production goals, aiming to produce around 20,000 vehicles in fiscal year 2025. Lucid’s upcoming models, including the anticipated Lucid Gravity, are expected to enhance sales and increase brand visibility.

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