Lucid (LCID) stock gained about 11% on Tuesday after the electric vehicle maker announced a few updates that caught investor attention. The company is scheduled to report its Q2 results on August 6.
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The biggest news is that starting July 31, Lucid Air owners will be able to use Tesla’s (TSLA) Supercharger network. To do this, they’ll need a Lucid-approved adapter that costs $220. With it, drivers can add up to 200 miles of range in about an hour. Charging will be done through the Lucid app, using a saved credit card.
Lucid also rolled out a few upgrades to its upcoming 2026 Air models. The Air Touring now has an estimated driving range of 431 miles, about 6% more than before, thanks to a better battery. The Air Grand Touring still offers up to 512 miles on a full charge. Other small improvements include a new air conditioner and massage seats in higher-end models. In addition to these, Lucid plans to roll out hands-free driving and lane change assist later this month.
These updates seem to have boosted confidence in the stock, helping LCID close higher on Tuesday.
What’s Ahead for Lucid Stock?
Looking ahead into the Q2 earnings season, Wall Street forecasts a Q2 2025 loss of $0.22 per share, an improvement from the $0.34 per share loss in the same quarter last year. Meanwhile, revenues are expected to rise by 37% from the same quarter last year, reaching $275.7 million, according to data from the TipRanks Forecast page.
Analysts’ Ratings Ahead of Q2
Ahead of the results, Top Morgan Stanley analyst Adam Jonas reiterated a Hold rating on Lucid with a $3.00 price target. Four-star analyst Adam Jonas believes that Lucid is expanding its focus beyond EVs and starting to pursue “AI-enabled autonomy” through strategic partnerships.
Meanwhile, analyst Stephen Gengaro of Stifel Nicolaus maintained a Hold rating and decreased the price target on the stock to $3 from $3.04 per share.
Is LCID Stock a Buy?
The stock of Lucid Group has a consensus Hold rating among nine Wall Street analysts. That rating is currently based on one Buy, seven Hold, and one Sell recommendations issued in the past three months. The average LCID price target of $2.91 implies 7.03% downside from current levels.
