EV sales declined this year, which is bad news for two smaller players. But one industry giant still has plenty of juice in its battery.Tesla (TSLA 1.81%) has had a rough 2025. But so has the entire electric vehicle (EV) industry -- in the U.S., at least. Business Insider reports that global EV sales for 2025 through Nov. 30 (excluding December) were up by 21%, but they were down 1% in the United States.Between tariffs and the end of the $7,500 EV tax credit, most of the incentives that were tipping the sca ...

Core Viewpoint - Lucid Motors, an electric vehicle manufacturer, is facing significant financial challenges despite having promising products and a growing revenue stream [1][3]. Financial Performance - Revenue for Q3 2025 increased by 68.5%, rising from $200 million in Q3 2024 to $337 million [3]. - The cost of revenue also surged from $412 million to $670.2 million, a 62% increase, leading to a net loss of $978.4 million for the quarter [5]. - Lucid's cash reserves decreased from $5 billion at the beginning of 2025 to $2.99 billion by September 30, 2025, while liabilities stood at $5.1 billion [4]. Competitive Position - Lucid's net income margin is -214%, significantly worse than Rivian's -61% and Tesla's positive 5.3% [6]. - Despite the increase in revenue, Lucid's financial position remains weak compared to its competitors, with rising costs nearly matching revenue growth [7].

Key Points Lucid is struggling due to significant EV headwinds, resulting in more than 60% of its value evaporating over the past year. Almost any stock is a good alternative to Lucid, but why not pick one that is on its way to a $1 trillion market cap? Walmart can weather economic slowdowns and acts as a haven for consumers who look for lower prices. 10 stocks we like better than Walmart › Lucid (NASDAQ: LCID) used to be a well-known electric vehicle (EV) stock that rode the hype of Tesla (NASDA ...

Core Viewpoint - Lucid Group's stock has significantly declined by 88% since its IPO in 2021 due to ongoing losses, manufacturing challenges, and a competitive electric vehicle market [1][2]. Financial Performance - Lucid reported a net loss of approximately $1 billion in the third quarter of 2025, indicating substantial financial difficulties [4]. - The company's revenue for the same quarter was $337 million, reflecting a 68% increase year-over-year, but this growth is insufficient to cover losses or invest in new technologies [5]. Investment and Capital Needs - To sustain operations amidst its financial struggles, Lucid has relied on multiple rounds of investment from the Saudi Public Investment Fund, raising questions about future capital needs [6]. Product Development Challenges - Lucid plans to launch a new $50,000 midsize SUV next year, which could help drive sales, but the development and production ramp-up will further strain the company's limited resources [7]. Market Competition - The electric vehicle market is highly competitive, and it is uncertain how Lucid will maintain its position and achieve growth amidst this challenging environment [8].

Core Insights - The article discusses the significant advancements in the automotive industry showcased at CES 2026, focusing on the integration of AI, software-defined vehicles, and advanced driver-assistance systems (ADAS) [5][6][7]. Group 1: NVIDIA and AI Developments - NVIDIA launched Alpamayo, an open-source AI model and tools aimed at accelerating the development of safe, inference-based autonomous driving systems. The model features a Vision-Language-Action architecture with 10 billion parameters, enhancing decision-making capabilities to resemble human reasoning [4][5]. - NVIDIA also introduced AlphaSim, an end-to-end open-source simulation framework for validating autonomous driving systems, along with over 1,700 hours of real driving data [5]. Group 2: Collaborations and New Technologies - ZF and Qualcomm announced a partnership to develop a scalable ADAS platform integrating the ZF ProAI supercomputer and Snapdragon Ride platform, enabling up to Level 3 autonomous driving capabilities with 1,500 TOPS of computing power [6][7]. - Aptiv showcased its next-generation AI driving system capable of L2++ level autonomous driving, expanding its technology from automotive to robotics [9][11]. Group 3: Automotive Innovations - BMW introduced the iX3, featuring a new AI-driven personal assistant and the sixth-generation eDrive technology, which supports a range of advanced functionalities including fast charging and a WLTP range of up to 805 kilometers [13]. - Sony Honda Mobility unveiled the Afeela 1 electric vehicle, equipped with a dual-motor system and a 91 kWh battery, featuring AI-driven voice and infotainment capabilities [15][16]. Group 4: Battery Technology and Connectivity - Donut Lab launched the world's first mass-produced solid-state battery, achieving a high energy density of 400 Wh/kg and rapid charging capabilities, set to be used in the 2026 Verge electric motorcycle [30]. - Quectel introduced the 5G-Advanced AR588MA module, enhancing vehicle safety and connectivity with dual SIM support and satellite communication features [32]. Group 5: Mapping and Navigation - HERE Technologies presented AI maps integrated with the Snapdragon Ride platform, enhancing L2 and L2+ level ADAS capabilities and expanding its navigation services in over 100 countries by 2026 [25].

Core Insights - Long-term investing in the stock market, particularly through S&P 500 and leading indexes, has historically been a successful wealth generation strategy, although not all stocks will yield positive returns [1][2] Group 1: Lucid Motors - Lucid Motors specializes in the electric vehicle market, focusing on high-quality luxury vehicles, with positive reviews for its Air sedan and Gravity SUV [3][4] - The company has secured a partnership with Uber Technologies for at least 20,000 vehicles to support its robotaxi initiatives, indicating some market validation [4] - Despite the quality of its vehicles, Lucid has been experiencing significant financial losses, with a gross margin of -9790.92% and ongoing dilution of retail investors through stock sales to Saudi Arabia's Public Investment Fund [6][7] Group 2: Plug Power - Plug Power is a leader in hydrogen-fuel-cell and electrolyzer technologies, reporting $65 million in sales for its GenEco electrolyzer business, a 46% sequential increase and 13% year-over-year growth [8] - The company reported total revenue of $177 million, showing modest improvement from the previous year, but also posted a net loss of approximately $361 million due to write-downs and restructuring expenses [10] - Plug Power's backlog declined by 11% sequentially, raising concerns about future sales growth and indicating potential risks for investors due to reliance on issuing new stock and convertible bonds [12] Group 3: Boeing - Boeing has faced significant challenges, including high-profile crashes and substantial write-downs, but there are signs of potential recovery through divestitures and acquisitions [13] - The company reported $23.3 billion in sales for Q3, reflecting a 28% year-over-year growth, yet still incurred an operating loss of $5.05 billion, indicating ongoing financial struggles [15] - With consolidated debt of approximately $53.4 billion and $6 billion in net losses over the first three quarters, Boeing's financial situation remains precarious, suggesting limited upside potential for investors at this stage [16]

Core Viewpoint - Lucid Group is facing significant challenges but may be on the verge of a rebound due to new product launches, strategic partnerships, and a more attractive valuation. Group 1: Financial Performance - In 2025, Lucid Group's share price fell approximately 65%, underperforming competitors like Tesla and Rivian, which saw increases of 11.4% and 48% respectively [1] - The company reported a production increase of 116% to 8,412 vehicles in the fourth quarter, with deliveries rising 31% to 5,345 vehicles, largely attributed to the new Gravity SUV [5] - Lucid's stock has a market cap of $3.76 billion and a price-to-sales (P/S) multiple of 3.12, which is below the S&P 500 average of 3.46 and significantly lower than Tesla's P/S multiple of 16 [9] Group 2: Product Development - Lucid's flagship vehicle, the Lucid Air, has received numerous industry awards for its design and quality, but its high price point has limited its mass market appeal [3] - The introduction of the Gravity SUV, which launched in late 2024, aims to capture a larger share of the U.S. SUV market, which constitutes 52% of new car sales [4] Group 3: Strategic Partnerships - In July, Lucid announced a partnership with Uber to develop a next-generation autonomous robotaxi program, involving the purchase of 20,000 Gravity vehicles over six years and a $300 million investment [6] - This partnership is expected to provide access to the rapidly growing robotaxi market, projected to expand at a compound annual growth rate (CAGR) of 90% from 2025 to 2030 [7] - Despite the potential of the Uber deal, Lucid's stock price has declined by around 65% since the announcement, indicating that the market may be overlooking its long-term value [8]

Core Insights - Lucid Motors has unveiled a production-intent robotaxi at CES 2026 in collaboration with Nuro and Uber, marking a significant move into autonomous vehicle services that could transform the company's future [1] Group 1: Product Features and Technology - The robotaxi features a customized Lucid Gravity SUV equipped with advanced autonomous technology, including high-resolution cameras, solid-state lidar sensors, and 360-degree perception capabilities powered by Nvidia's DRIVE AGX Thor computing platform [2] - Innovative features of the robotaxi include halo-mounted LEDs for rider identification, interactive cabin screens for climate and entertainment controls, and real-time visualizations of the vehicle's surroundings [3] Group 2: Business Strategy and Market Position - Lucid Motors aims to diversify its revenue streams, having produced 18,378 vehicles in 2025, which is a 104% increase from 2024, although the company remains unprofitable due to the capital-intensive nature of the automobile industry and increasing competition [5] - The partnership with Nuro and Uber leverages established autonomous technology and a large ride-hailing network, potentially opening up a lucrative market beyond traditional vehicle sales [5] Group 3: Production and Growth - Autonomous testing for the robotaxi began in the San Francisco Bay Area, with plans for commercial service launch later this year and production set to start at Lucid's Arizona factory [4] - Despite challenges such as tariff impacts and supply shortages, Lucid has achieved a production rate of 1,000 vehicles per week, aligning with its goal of producing between 18,000 and 20,000 units in 2025 [6]

Core Viewpoint - Lucid has shown impressive vehicle production growth, but the company is facing significant cash burn and lacks a clear path to profitability [1][11]. Production Performance - Vehicle production increased by 155% in the last quarter, totaling 8,412 vehicles, leading to an annual production of 18,378 vehicles, which is a 104% increase from 2024 [2]. - The company delivered over 15,800 vehicles in 2025, marking a 55% increase from the previous year [2]. - Despite the growth, Lucid's production numbers remain small compared to competitors like Tesla, which produced 1.6 million vehicles, and Rivian, which produced over 42,000 vehicles [4]. Financial Challenges - Lucid reported a net loss of nearly $1 billion in Q3, with revenue of only $337 million [7]. - The company has revised its production goals multiple times, initially aiming for 20,000 vehicles in 2025 before ultimately meeting the revised target [6]. - The electric vehicle industry is facing challenges, including a slowdown in demand and the cancellation of EV tax credits, which has impacted sales [9][10]. Market Position - Lucid's market capitalization stands at $3.6 billion, with a current stock price of $11.24 [9]. - The gross margin is reported at -9790.92%, indicating significant financial strain [9]. - The overall demand for electric vehicles has decreased, with EVs expected to account for only 6.6% of auto sales in December 2025, down from over 11% a year ago [9]. Future Outlook - While Lucid is making progress, the significant losses and small production numbers suggest that it may not be the right time for investors to buy the stock [11]. - The year 2026 is viewed as critical for Lucid's potential turnaround [11].

Core Insights - Lucid Group (LCID) ended 2025 with strong operational momentum, achieving record deliveries and a production ramp that reset expectations, while profitability and cash flow remain critical factors for investors to monitor [1] Delivery Performance - Deliveries reached 15,841 vehicles in 2025, marking a 55% year-over-year increase. Fourth-quarter deliveries totaled 5,345 units, a 31% sequential rise, and surpassed the 3,099 units delivered in the same quarter last year, resulting in eight consecutive quarters of record deliveries [2] Production Highlights - Full-year production totaled 18,378 vehicles, with a significant fourth-quarter surge to 8,412 units, representing a 116% increase from the third quarter and a 148% increase compared to the fourth quarter of 2024, allowing Lucid to meet its year-end production target after a slow first half [3] Product Mix and Revenue Quality - The Gravity SUV became the majority of fourth-quarter production, reflecting a shift in order mix towards Gravity during the third quarter. This shift supported higher average selling prices as the company expanded the Gravity lineup, improving revenue quality alongside volume [4] Operational Adjustments - Management added a second shift in October to sustain the Gravity-led production cadence. The introduction of Gravity Touring is expected to broaden the addressable market, favoring higher-value configurations as 2026 progresses [5] Financial Overview - Margins were near triple-digit negative in Q3 2025, impacted by tariffs (approximately a 13-point hit to GAAP gross margin) and inventory effects related to the fourth-quarter ramp. Adjusted EBITDA losses widened year-over-year in Q3 due to persistent supply chain costs and launch expenses [6] - Free cash outflow was approximately $956 million in Q3, driven by elevated R&D, SG&A, and program investments. For 2025, management guided capital expenditures of $1-1.2 billion, indicating continued negative free cash flow in the near term despite improved volumes. Liquidity stood at $4.2 billion at the end of Q3 2025, with an undrawn delayed-draw term loan facility expanded to roughly $2 billion [7] Revenue Estimates - The Zacks Consensus Estimate for 2025 and 2026 revenues indicates a year-over-year increase of 55% and 77%, respectively, aligning with stronger unit volume and a richer model mix following Gravity's transition to majority production in Q4 [8] Competitive Landscape - While LCID recorded a year-over-year increase in 2025 deliveries, competitors like Tesla (TSLA) and Rivian (RIVN) experienced declines. Rivian delivered 42,247 vehicles in 2025, down from 51,579 in 2024, while Tesla delivered over 1,635,000 vehicles in 2025 compared to more than 1,789,000 in 2024 [9][10] Investor Considerations - Lucid enters 2026 with production momentum and a Gravity-driven mix that enhances sales potential. However, the stock currently holds a Zacks Rank 4 (Sell) and a VGM Score of F, indicating near-term challenges as the market evaluates cash burn, tariffs, and supply variability against improving execution. The investment outlook now depends on the speed of margin recovery and moderation of cash burn amid a volatile cost environment [11]