Lucid Group, Inc. ( (LCID) ) has released its Q2 earnings. Here is a breakdown of the information Lucid Group, Inc. presented to its investors.
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Lucid Group, Inc. is a Silicon Valley-based technology company known for producing advanced electric vehicles, including the award-winning Lucid Air and the new Lucid Gravity, which are assembled in its state-of-the-art factory in Arizona. The company focuses on delivering best-in-class performance, sophisticated design, and energy efficiency in the electric vehicle sector.
Lucid Group, Inc. has released its financial results for the second quarter of 2025, reporting a revenue of $259.4 million with vehicle deliveries up by 38.2% compared to the same period last year. Despite a challenging economic environment, the company has maintained a strong liquidity position with approximately $4.86 billion at the end of the quarter.
Key highlights from the earnings report include the production of 3,863 vehicles and the delivery of 3,309 vehicles in the second quarter. The company recorded a GAAP diluted net loss per share of $(0.28) and a non-GAAP diluted net loss per share of $(0.24). Lucid has revised its production outlook for 2025 to 18,000 – 20,000 vehicles, down from the previous guidance of 20,000 vehicles. Additionally, Lucid announced a significant partnership with Uber to deploy 20,000 Lucid Gravity vehicles equipped with Nuro Driver Level 4 autonomy, enhancing its strategic initiatives.
Operationally, Lucid has expanded its DreamDrive Pro functionality and increased its brand awareness by introducing Timothée Chalamet as its first-ever brand ambassador. The company has also improved the driving range for its Lucid Air models by providing access to Tesla Superchargers in North America.
Looking ahead, Lucid’s management remains focused on disciplined cost management, brand building, and executing the Lucid Gravity launch ramp. The company aims to strengthen its balance sheet and maintain long-term alignment with partners and shareholders as it navigates the dynamic market environment.