Core Viewpoint - Lucid Group, Inc. has filed a prospectus supplement to register for the resale of up to 69,108,837 shares of its Class A Common Stock, fulfilling contractual obligations without issuing new shares [1] Group 1: Share Registration Details - The shares are registered to meet obligations to SMB Holding Corporation, a subsidiary of Uber Technologies, and Ayar Third Investment Company, an affiliate of the Public Investment Fund [1] - SMB cannot sell its shares until March 2027, while shares under prepaid forward transactions for Ayar are expected to be delivered in April 2030 and November 2031, with potential for early settlement [1] Group 2: Company Overview - Lucid Group is a technology company based in Silicon Valley, focused on creating advanced electric vehicles, including the award-winning Lucid Air and Lucid Gravity [1] - The company operates state-of-the-art, vertically integrated factories in Arizona and Saudi Arabia, emphasizing best-in-class performance and energy efficiency [1]

Core Viewpoint - Sendero Resources Corp. has successfully listed its common shares on the Frankfurt Stock Exchange, enhancing its visibility and access to European investors [1][2][3] Company Overview - Sendero Resources Corp. is focused on copper-gold exploration at its 100% owned Peñas Negras Project located in the Vicuña Belt, Argentina [4] - The Peñas Negras Project features geological characteristics similar to other deposits in the Vicuña Belt, with multiple identified porphyry and high-sulfidation epithermal targets [4] - The project area covers a total of 211.77 km², with the center located approximately 18 km southeast of the Caserones mine operated by Lundin Mining [4] Market Context - The Frankfurt Stock Exchange is one of the largest securities trading platforms globally, providing access to a wide range of European institutional and retail investors [2] - The listing is expected to facilitate broader investor participation and improve access for European investors as the company advances its Peñas Negras Project [3]

Financial Highlights - Lucid Group reported fourth quarter revenue of $522.7 million, a 123% increase compared to Q4 2024, and annual revenue of $1,353.8 million, up 68% year-over-year [4][6] - The company ended the quarter with approximately $4.6 billion in total liquidity [4][6] - GAAP diluted net loss per share was $(3.62) for Q4 2025 and $(12.09) for the full year 2025 [6][25] Operational Highlights - Lucid delivered 15,841 vehicles in 2025, representing a 55% increase compared to the full year 2024, and delivered 5,345 vehicles in Q4 2025, up 72% from Q4 2024 [4][6] - The company nearly doubled production year-over-year, achieving production totals of 17,840 vehicles for 2025, aligning with its annual production guidance of approximately 18,000 vehicles [5][6] - For 2026, Lucid has set an annual production guidance of 25,000 to 27,000 vehicles [4][6] Strategic Focus - The company emphasized execution and strategic adjustments in 2025 to position itself for long-term success, including advancements in autonomy and robotaxi development [5][6] - Lucid aims to maintain operational and financial discipline while progressing towards profitability and launching its Midsize vehicles [5][6] - The company has made targeted adjustments to its U.S.-based, non-manufacturing workforce to support growth and margin progression [5][6] Awards and Recognition - Lucid received multiple top-tier awards for product excellence, including recognition from Car and Driver for both the Lucid Air and Lucid Gravity [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (MARK ONE) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39408 Lucid Group, Inc. (Exact name of registrant as specified in its charter) Delaware 85-0891392 (State or other jurisdiction of i ...

Core Insights - Lucid Group (LCID) reported a Q4 EPS of -$2.65, missing the expected -$2.20, while full-year revenue grew by 45.86% to $1.1 billion [1] - The company burned $955 million in free cash flow during Q3, ending the quarter with a cash position of $1.67 billion [1] - Cumulative losses since 2019 have reached $14.8 billion, with a gross margin of -97.91% for the trailing 12 months [1] Financial Performance - Q4 FY2025 consensus estimates predict an EPS of -$2.67 and revenue of $459.5 million [1] - In Q3 2025, Lucid delivered 4,078 vehicles, a 47% year-over-year increase, and revenue rose 68% to $336.6 million, but still fell short of consensus estimates [1] - Full-year vehicle deliveries increased by 55% year-over-year, totaling approximately 18,300 vehicles produced in 2025 [1] Operational Challenges - The gross margin remains a critical focus, with management indicating that the Gravity SUV ramp could improve margins in Q4 [1] - A 12% workforce reduction was announced to address cost issues, and the appointment of a new SVP of Supply Chain aims to mitigate past supply chain disruptions [1] - Analyst sentiment is cautious, with Morgan Stanley downgrading LCID to Underweight and RBC reducing its price target from $20 to $14 [1] Future Outlook - Lucid has accumulated significant losses, and investors are seeking a clear timeline for when revenue growth will outpace cash burn [1] - The upcoming Investor Day is expected to provide insights into the midsize vehicle roadmap and autonomy strategy, which may be more critical than the earnings report itself [1]

Company Overview - Lucid Group specializes in luxury electric vehicles, designing and manufacturing high-performance models like the Lucid Air sedan and Gravity SUV, along with advanced powertrains and battery systems [1] - Founded in 2007 as Atieva and renamed Lucid Motors in 2016, the company is headquartered in Newark, California, with manufacturing in Casa Grande, Arizona, and operates primarily in the U.S. and Saudi Arabia [2] Stock Performance - Lucid Group's stock has faced significant downward pressure, declining about 5% over the past five days, 15% over the past month, and 26% in the last quarter, with a total drop of over 53% in the past six months and nearly 66% over the past year, currently trading at its 52-week low [3] - Compared to the Nasdaq Composite, which dipped 4% in the last month, Lucid's losses highlight sector-specific challenges in the EV market [4] Financial Results - For Q3 2025, Lucid reported revenue of $336.6 million, a 68% year-over-year increase, but missed analyst estimates of $347-$379 million by 3-11%. Adjusted EPS was -$2.65, worse than the expected loss of -$2.19 to -$2.27, although it improved from last year's -$2.80 [5] - Key financials indicate improving gross margins amid cost controls, but adjusted EBITDA was -$717.7 million, with free cash flow remaining deeply negative and high operating losses around $1 billion for the quarter. Production reached record levels with 4,078 deliveries [6] Production and Deliveries - For Q4 2025, Lucid produced 8,412 vehicles, a 116% increase compared to Q3, and delivered 5,345 vehicles, a 31% increase from Q3. Full-year totals for 2025 were 18,378 produced and 15,841 delivered, representing increases of 104% and 55% year-over-year, respectively [7] Workforce Changes - Lucid Group is laying off 12% of its workforce to enhance profitability, focusing on non-manufacturing roles while maintaining factory, logistics, and quality teams, even as production ramps up for the Gravity SUV and a new $50,000 mid-sized EV launching later this year [8]

Lucid stock remains under intense pressure this year as concerns about its balance sheet and growth trajectory continue. LCID dropped to $9.55, down by 72% from its highest level in 2025. ...

Core Viewpoint - Lucid is facing significant challenges in the electric vehicle (EV) market, with its stock down 90% over the past three years due to slowing sales and financial difficulties [1] Company Performance - Lucid's Air sedan is recognized for its impressive technology, holding the world record for the longest distance driven on a single charge at 749 miles [3][4] - The company doubled its vehicle production in 2025 to 18,378 vehicles, with deliveries increasing by 55% to 15,800 [4] - Lucid is developing a more affordable EV model expected to start production later this year, priced around $50,000, which could attract more buyers [5] Financial Challenges - Lucid reported losses of $1 billion in Q3, significantly outpacing its sales of $337 million [6] - The company is likely to continue facing difficulties in reducing losses as it prepares for the launch of its lower-priced EV, which involves high costs [7] Industry Context - The overall EV market is struggling, with U.S. EV sales falling by 36% in Q4 2025 year-over-year [9] - The termination of the EV tax credit program and rising vehicle costs are additional challenges for EV manufacturers [9] - Despite rising vehicle sales, Lucid's total sales remain low, with just over 18,000 vehicles sold in a year, raising concerns about future success [10]

Core Insights - Lucid Group Inc. is recognized as a leading alternative energy stock, particularly in the electric vehicle (EV) sector, with a recent event in Berlin showcasing its new Lucid Gravity SUV [1][2] - The Lucid Air Grand Touring sedan has achieved a significant milestone by covering 520 kilometers (323 miles) on a single charge, the longest range recorded during the 2026 NAF Winter Test in Norway [3] Group 1: Company Overview - Lucid Group Inc. is an electric vehicle manufacturer based in Newark, California, specializing in luxury EVs, with its flagship model being the Lucid Air sedan produced in Casa Grande, Arizona [4] Group 2: Product Highlights - The Lucid Gravity SUV was introduced to European audiences at a live event, emphasizing emotional connection over technical specifications [2] - The Lucid Air Grand Touring's performance in the NAF Winter Test demonstrated its superior range compared to competitors, with the nearest rival, the Mercedes-Benz CLA, covering only 421 kilometers [3]

Core Viewpoint - Lucid Motors is implementing a 12% reduction in its U.S. workforce as part of efforts to enhance profitability, marking the third round of layoffs since March 2023 [1][2]. Group 1: Workforce Reduction - The company currently employs 6,800 people globally and aims to optimize resource allocation and improve operational efficiency through this decision [1][2]. - The layoffs are described as a difficult but necessary step towards achieving profitability [1][2]. Group 2: Leadership and Management - Lucid has been without a permanent CEO since February 2025, with Mark Vinterhoff serving as the interim CEO [1][2]. Group 3: Financial Strategy - In recent months, Lucid has focused on increasing its cash reserves, announcing plans to raise $875 million through a private placement of convertible preferred notes due in 2031 [1][2].