Financial Data and Key Metrics Changes - The company reported revenue of $259 million in Q2 2025, a 29% increase year over year [31] - Vehicle deliveries reached 3,309 units, up 38% year over year, marking the sixth consecutive quarter of record deliveries [5][31] - Gross margin for the quarter was negative 105%, primarily due to a $54 million impact from tariffs, which accounted for a 21 percentage point decrease in gross margin [32] - Adjusted EBITDA was negative $632 million, down 12%, driven mainly by gross margin pressure [33] - The company ended the quarter with $3.6 billion in cash and investments, and total liquidity of $4.86 billion [34] Business Line Data and Key Metrics Changes - The company produced 3,863 vehicles in Q2 2025, an 83% increase year over year [5][31] - The Lucid Gravity is expected to be the majority of deliveries in the second half of the year, with production ramping up [63] Market Data and Key Metrics Changes - The company is navigating a volatile market environment, with ongoing challenges in the AAV sector, particularly in supply chain [31][34] - The company has updated its annual production guidance to a range of 18,000 to 20,000 vehicles for 2025 [37] Company Strategy and Development Direction - The company is focused on operational discipline, building a distinctive scalable brand, and maintaining a sustainable edge through technology [11] - A partnership with Uber was announced, involving a $300 million investment to support the development of a next-generation premium robotaxi [7][29] - The company plans to implement a one-for-ten reverse stock split to ensure equity remains accessible to institutional investors [30] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in production due to supply chain issues but expressed confidence in overcoming these obstacles [12][14] - The company is committed to building a robust supply chain and making strategic decisions for long-term success [26][38] - Management remains optimistic about the future of EVs and expects normalization in demand over the coming years [47] Other Important Information - The company is actively pursuing partnerships beyond traditional sales, indicating a shift towards monetizing technology through licensing deals [9][58] - The company has secured a preliminary agreement with GraphiteOne to source graphite domestically, beginning in 2028 [15] Q&A Session Summary Question: How many current Gravity orders are there? - The company does not disclose specific order numbers but noted a high conversion rate once customers experience the vehicle [40] Question: Is the midsize platform still on target for production in late 2026? - Yes, production is still scheduled for late 2026, with deliveries expected to ramp up throughout 2027 [41] Question: How will the partnership with Uber aid in company growth? - The partnership is seen as an entry into a large market and validates Lucid's scalable platform [43] Question: Should we expect any changes to the midsize initial ASPs as they ramp up? - There are no plans to change the ASP of the midsize platform [45][47] Question: Can you provide an update on the Atlas powertrain? - The Atlas powertrain is on track, targeting the same efficiency at a lower cost [58] Question: How much of the inventory write-downs is attributable to tariffs? - The tariff impact in Q2 was approximately $55 million, with expectations for reimbursements later in the year [78]

Financial Performance - Lucid achieved record quarterly revenue of $259.4 million in Q2 2025[16] - Q2 2025 GAAP diluted net loss per share was $(0.28), while non-GAAP diluted net loss per share was $(0.24)[16] - The company ended Q2 2025 with approximately $4.86 billion in total liquidity[16] - Free cash flow for the quarter was $(1,012.9) million[61] - Lucid recorded a net loss of $(539.4) million for the quarter[61] Production and Deliveries - Production reached 3,863 vehicles in Q2 2025, an increase of 83% year-over-year, including the start of Lucid Gravity production[27] - Deliveries totaled 3,309 vehicles in Q2 2025, representing a 38% year-over-year growth and the sixth consecutive quarter of record deliveries[16, 27] Strategic Initiatives - Lucid announced a global robotaxi partnership with Uber and Nuro, with Uber planning to deploy a minimum of 20,000 Lucid Gravity vehicles[16, 55] - Uber will invest $300 million in Lucid as part of the robotaxi partnership[55] - The company revealed Timothée Chalamet as Lucid's first global ambassador[16] - Lucid Air Grand Touring won a GUINNESS WORLD RECORDS title with 1,205 kilometers on a single charge[16] Outlook - Lucid updated its 2025 production volume guidance to a range of 18,000 to 20,000 vehicles[57] - The company anticipates sufficient liquidity into the second half of 2026[57]

Lucid trimmed its full-year production outlook, making the electric vehicle manufacturer the latest carmaker to temper expectations for the year https://t.co/VQZ0MYvZdc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (date of earliest event reported): July 2, 2025 Lucid Group, Inc. (Exact name of registrant as specified in its charter) (Commission File Delaware 001-39408 85-0891392 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 7373 Gateway Boulevard Newark, CA 94560 | | | Indicate by chec ...

Financial Highlights - Lucid Group reported second quarter revenue of $259.4 million, an increase from $200.6 million in the same period last year, representing a growth of 29.2% [4][22] - The company delivered 3,309 vehicles in Q2 2025, up 38.2% compared to Q2 2024 [4][7] - Lucid ended the quarter with approximately $4.86 billion in total liquidity [4][7] - The GAAP diluted net loss per share was $(0.28), while the non-GAAP diluted net loss per share was $(0.24) [7][22] Operational Highlights - Lucid produced 3,863 vehicles in Q2 2025 [7] - The production outlook for 2025 has been revised to 18,000 - 20,000 vehicles from the previous guidance of 20,000 vehicles [4][7] - The company announced a robotaxi partnership with Uber and Nuro, which will deploy a minimum of 20,000 Lucid Gravity vehicles equipped with Level 4 autonomy [7] - Lucid expanded its DreamDrive Pro functionality to include Hands-Free Drive Assist and Lane Change Assist [7] Strategic Initiatives - The company introduced Timothée Chalamet as its first global brand ambassador to enhance brand awareness [5][7] - Lucid has initiated discussions to develop new revenue streams for its EV technology [5] - The company has provided access to over 23,500 Tesla Superchargers in North America for all Lucid Air models using a Lucid-approved NACS adapter [7]

While Lucid Group Inc LCID plugs into Uber Technologies Inc's UBER robotaxi dreams; and Rivian Automotive Inc RIVN expands its Amazon.com Inc AMZN delivery fleet — Tesla Inc TSLA remains the only profitable pure-play EV maker. Track TSLA stock's performance here. Add a $5.8 billion software JV with Volkswagen AG VLKAF and a battery deal with LG, and Rivian's hedging its bets on both mass-market scale and tech muscle. It's a solid strategy—but still deeply in cash burn mode. Tesla's Doing Tesla Things Meanwh ...

Core Viewpoint - Lucid may be preparing to lower its annual production guidance ahead of its second-quarter earnings call, with a Neutral rating and a price target of $3, indicating a potential upside of approximately 24% from its current price of $2.42 [1] Production and Delivery Performance - Production and delivery volumes for Q2 fell short of expectations, with Lucid delivering 3,309 vehicles, missing Cantor's estimate of 3,791 and the Visible Alpha consensus of 3,611 [2] - A key focus will be on gross margins as Lucid aims to improve its persistently high negative gross margins [2] Future Product Launches - Cantor expects management to provide more details on the initial sales of the Gravity SUV, which began deliveries earlier this year, and to confirm the schedule for the launch of its high-volume midsize SUV, a crucial element of Lucid's turnaround strategy [3] Strategic Partnerships and Financial Moves - In July, Lucid announced a $300 million partnership with Uber to develop a next-generation premium global robotaxi program, with plans for Uber to deploy at least 20,000 Lucid vehicles equipped with Nuro's autonomous driving system over the next six years [4] - Lucid has requested shareholder approval for a 1-for-10 reverse stock split, highlighting the pressure on the company as it faces challenges with profitability and scaling in a competitive EV market [4]

Industry Overview - The Auto-Tires-Trucks sector is currently in the second-quarter earnings season, with companies like Tesla, Ford, General Motors, Aptiv, and O'Reilly Automotive reporting quarterly numbers that exceeded earnings estimates [1] - The auto sector's earnings for Q2 2025 are projected to decline by 27.7% year-over-year, with revenues expected to decrease by 6% [2] Market Performance - U.S. vehicle sales showed modest year-over-year growth in Q2, driven by strong demand for gasoline-powered and hybrid vehicles, with a seasonally adjusted annual rate of 15.3 million units in June [4] - Retail vehicle inventory reached 2.16 million units in June, marking a 22.9% increase from June 2024, while average transaction prices rose to $46,233, up $1,400 from the previous year [4] Impact of Tariffs - Higher tariffs on imports initially increased demand among price-sensitive buyers, but as prices stabilized, this momentum began to wane [5] - Elevated operating costs, particularly in R&D for advanced technologies, are likely to have negatively impacted earnings [5] Potential Winners - Companies identified as well-positioned to exceed earnings estimates include Cummins Inc. (CMI), Rivian Automotive, Inc. (RIVN), Lucid Group, Inc. (LCID), and American Axle & Manufacturing Holdings, Inc. (AXL) [3] Company Highlights Cummins Inc. (CMI) - Cummins is the largest engine manufacturer globally, with a strong product lineup and a focus on electrification and clean energy technologies [8][9] - The company has an Earnings ESP of +2.79% and a Zacks Rank of 3, with Q2 earnings and revenues estimated at $4.99 per share and $8.47 billion, respectively [10][11] Rivian Automotive, Inc. (RIVN) - Rivian is targeting budget-conscious consumers with its upcoming R2 and R3 models, with the R2 expected to launch in H1 2026 at a starting price of around $45,000 [12] - The company has an Earnings ESP of +8.53% and a Zacks Rank of 3, with Q2 revenue estimated at $1.26 billion [14] Lucid Group, Inc. (LCID) - Lucid's vehicles are now compatible with Tesla's Supercharger network, enhancing convenience for owners and potentially boosting sales [15] - The company has an Earnings ESP of +3.08% and a Zacks Rank of 3, with Q2 revenue estimated at $253.4 million, reflecting year-over-year growth of 26.4% [17] American Axle & Manufacturing Holdings, Inc. (AXL) - American Axle is advancing in the electric drive space and has a strong electrification portfolio, with key launches driving growth [18] - The company has an Earnings ESP of +17.59% and a Zacks Rank of 3, with Q2 earnings and revenues estimated at 13 cents and $1.51 billion, respectively [20]

Core Viewpoint - Lucid Group is preparing to release its second-quarter results on August 5, with expectations of significant stock movement due to its recent partnership with Uber and ongoing financial challenges [1][2]. Group 1: Financial Performance - Lucid has recorded a net loss of approximately $2.4 billion on sales of about $870 million over the trailing twelve months, indicating a loss of roughly $2.76 for every $1 in revenue generated [8]. - Historically, Lucid's stock has struggled post-earnings reports, with significant sell-offs following most quarterly releases, leading to an approximate 87% decline in share price over the last three years [5][11]. - The company has experienced uneven sales growth after an initial ramp-up period, contributing to its large historical losses [7]. Group 2: Production and Deliveries - For the second quarter, Lucid produced 3,863 vehicles and delivered 3,309 vehicles, an increase from 2,110 produced and 2,394 delivered in the same quarter last year [9]. - The introduction of the Gravity SUV has contributed to a notable increase in production and deliveries, but profitability remains a concern as production costs exceed sales revenue [10]. Group 3: Market Expectations - Investors are closely monitoring Lucid's upcoming earnings report for insights into margins and overall financial health, with a particular focus on the potential for continued high losses [2][10]. - There is uncertainty regarding whether the stock will experience another sell-off after the Q2 report, given the current low trading price compared to previous years [11].