Lucid Group (LCID) closed at $9.33 in the latest trading session, marking a -6.33% move from the prior day.
Lucid Q1 deliveries drop after a supplier seat issue pauses Gravity SUV sales.
Lucid Group finished 2025 on an upswing — building twice as many EVs as the previous year and reporting a 55% uptick in sales. Then the first quarter of 2026 arrived.
Lucid Group missed expectations for first-quarter vehicle deliveries on Thursday, fanning concerns about weakening demand for its luxury sedans amid a broader electric-vehicle market slowdown.
Lucid Motors seemed to have largely resolved its initial quality struggles with the Gravity SUV's hardware and software, but the company is not out of the woods yet: it just issued a recall for more than 4,000 Gravity SUVs after discovering a problem with the seat belts.
On paper, shares of EV companies should be rising. As gas prices rise to $5 or more, they may still have a way to go before peaking.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Five years ago, electric vehicles looked like the trade of the decade. Legacy automakers were scrambling, government incentives were flowing, and a new generation of pure-play EV startups was drawing comparisons to Tesla's early days.
In the latest trading session, Lucid Group (LCID) closed at $9.91, marking a -7.21% move from the previous day.
Lucid Group (LCID) reported earnings 30 days ago. What's next for the stock?
Lucid Group, Inc. (LCID) Presents at Bank of America Global Automotive Summit Transcript
Lucid Group (LCID) reached $9.95 at the closing of the latest trading day, reflecting a -3.59% change compared to its last close.