Lucid (Lcid) Q2 2025 results

A clear group On Tuesday, she softened production forecast for the rest of the year, as it reported the profits of the second quarter that missed Wall Street’s expectations.

The electric vehicle maker now expects to produce between 18,000 and 20,000 vehicles for the year after it was previously presented to a target of 20,000.

Lucid shares fell by more than 9 % in trading hours after Tuesday hours.

Here is what the company mentioned in the three -month period ending on June 30 compared to what Wall Street expected, based on a survey of analysts by LSEG:

• Loss for one share: 24 cents has been modified for a loss of 21 cents expected
• profit: 259 million dollars for 280 million dollars expected

The company announced a net loss for a quarter of 855 million dollars, or 28 cents per share, compared to a net loss of $ 790 million, or 34 cents per share, in the same period last year. With the exception of restructuring and other costs for one time, the company published a modified loss per share 24 cents per quarter.

Lucid’s total costs and expenses increased by approximately 7.5 % over the same period last year, at $ 1.06 billion.

The auto company said it had ended a quarter of about $ 4.86 billion of total liquidity.

Last month, Lawsid announced this Uber He was Invest $ 300 million In the company as part of a partnership to deploy more than 20,000 robots over the next six years. She is also trying to build awareness of her brand, partly by the benefit of the actor Timothée Chaalamit for a championship in a new advertising campaign.

But Lucid was burning through criticism because it works to increase its production Gravity SuvHer second car after the air car.

“We are focusing on business basics to achieve our goals close to the duration: disciplined cost management, brand building, and continuing to implement our clear gravitational launch slope,” said financial director Taoufiq Boussaid.

Lucid said in July that he Delivery 3,309 vehicles in the second quarter, an increase of 38.2 % compared to the same period in 2024, but less than analysts’ expectations.

The demand for pure electric cars was Slower than expectedAnd consumers were attracted towards The cheapest hybrid.

The industry is also preparing for the impact of the new tax and spending bill for President Donald Trump, which he signed in the law on July 4. This legislation is scheduled to end Tax credit 7500 dollars For new electric cars and $ 4000 credit for EVS used after September 30.

Lucid Stock has decreased nearly 19 % so far this year as of Tuesday.