Lucid delivered 3,309 vehicles in the second quarter, a 6% increase in sales from the previous period and a new sales record for the EV maker.
Wednesday, Lucid reported second-quarter sales of 3,309 vehicles, up 38% year over year, a record for any quarter.
Late last year, Lucid Group Inc. (NASDAQ: LCID) began production of its highly anticipated Gravity luxury electric SUV.
Lucid Group (LCID) closed at $2.03 in the latest trading session, marking a -3.79% move from the prior day.
The electric vehicle industry is enticing because, despite some setbacks, many countries and customers around the world are shifting their attention to EVs. The gains in EV adoption are often attributed to both consumer interest and government incentives that spur industry growth.
Lucid is a speculative buy, benefiting from Tesla's missteps and U.S. tariffs that shield it from Chinese EV competition. Tesla's declining reputation and sales open up market share for Lucid, especially as Lucid expands overseas and launches more affordable models. Risks include Lucid's exposure to tariffs on parts, lower American content, and competition from cheap used Teslas and Chinese automakers abroad.
Tesla Inc. NASDAQ: TSLA shares have recovered somewhat since April 2025 but remain down about 15% year-to-date (YTD). The largest car company in the world by market value has experienced analyst downgrades in recent weeks.
Lucid Group (LCID) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Lucid Group (LCID) reached $2.15 at the closing of the latest trading day, reflecting a +2.38% change compared to its last close.
Cantor Fitzgerald analyst Andres Sheppard has reaffirmed a ‘Neutral' rating on Lucid Group stock (NASDAQ: LCID), citing the company's strengthening supply chain as a key factor.
The latest trading day saw Lucid Group (LCID) settling at $2.19, representing a -1.79% change from its previous close.
Wall Street analysts are holding a slightly bearish outlook on Lucid's (NASDAQ: LCID) stock over the next year as the equity continues to experience increased volatility.