Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) fell 9.7% in the afternoon session after the company reported second-quarter results that missed analyst expectations and lowered its full-year production forecast. The company posted revenue of $259.4 million, which fell roughly in line with analyst estimates. Lucid also cut its 2025 production outlook to a range of 18,000 to 20,000 vehicles, down from a previous target of 20,000. The report revealed a negative gross margin, a figure that included a $54 million hit from tariffs and signaled significant cost pressures.
Lucid Group Inc. (NASDAQ: LCID) shares fell 8.68% in pre-market trading on Wednesday after the electric vehicle (EV) maker posted a steeper-than-expected Q2 loss and revealed it's losing over $82,000 on each vehicle sold.
Luxury electric car manufacturer Lucid (NASDAQ:LCID) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 29.3% year on year to $259.4 million. Its non-GAAP loss of $0.24 per share was 11.1% below analysts’ consensus estimates.
Lucid Group (LCID) Q2 2025 earnings miss revenue and EPS estimates, triggering a 7% stock drop. Deliveries rose 38% YoY but fell short of revenue expectations. Future outlook remains uncertain.
According to data from Fiscal AI, Wall Street expects Lucid to report second-quarter revenue of $287.20 million and a loss per share of $0.22; analysts expect Rivian to report revenue of $1.29 billion in the quarter and a loss of $0.64 per share.
