格隆汇8月6日｜Lucid(LCID.US)：2025年Q2营收2.59亿美元，市场预期2.94亿美元，上年同期2.01亿美 元。 ...

公司该季度的收入为2.594亿美元，基本符合预期的2.5935亿美元，每股亏损为0.24美元。公司将2025年 的产量预测从20000辆下调至18000辆至20000辆。 （文章来源：证券时报网） Lucid Motors在2025财年第二季度生产了3863辆汽车，交付了3309辆，相较于上一季度有所增长。 ...

Core Viewpoint - Lucid Group reported disappointing Q2 results, leading to a downward revision of its annual production guidance, reflecting challenges in the electric vehicle market and supply chain constraints [1][3][5] Financial Performance - In Q2, Lucid reported an adjusted loss of $0.24 per share, exceeding analyst expectations of $0.21, with revenue of $259 million, below the forecast of $280 million [1][4] - The net loss for the quarter expanded to $855 million, compared to a net loss of $790 million in the same period last year [4] - Total costs and expenses increased by approximately 7.5% year-over-year, reaching $1.06 billion [4] Production and Delivery - Lucid adjusted its annual production target from 20,000 vehicles to a range of 18,000 to 20,000 vehicles [1][3] - The company delivered 3,309 vehicles in Q2, a year-over-year increase of 38.2%, but still below analyst expectations [1][3] Strategic Initiatives - The temporary CEO, Mark Vinterhoff, indicated a cautious approach to production due to a volatile industry environment, while still aiming for the higher end of the revised production range [3] - Lucid is focusing on cost control, brand building, and the execution of the Gravity SUV launch, which has entered mass production [3] - Recent partnerships include a $300 million collaboration with Uber to deploy over 20,000 autonomous taxis over the next six years [3] Market Environment - The demand for electric vehicles is slowing, with consumers increasingly shifting towards hybrid models, adding pressure to the industry [5] - New tax legislation signed by President Trump will eliminate electric vehicle tax credits starting September 30, further increasing uncertainty in the market [5] Stock Performance - Following the earnings report, Lucid's stock fell over 7% in after-hours trading, with a year-to-date decline approaching 19% [5]

Group 1 - Lucid Group reported a quarterly loss of $0.28 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.22, representing an earnings surprise of -27.27% [1] - The company posted revenues of $259.43 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 2.37%, and showing an increase from $200.58 million year-over-year [2] - Over the last four quarters, Lucid Group has surpassed consensus revenue estimates three times [2] Group 2 - The stock has underperformed, losing about 20.2% since the beginning of the year, while the S&P 500 has gained 7.6% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.26 on revenues of $375.43 million, and for the current fiscal year, it is -$0.89 on revenues of $1.31 billion [7] - The Zacks Industry Rank for Automotive - Domestic is currently in the bottom 29% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Financial Data and Key Metrics Changes - The company reported revenue of $259 million in Q2 2025, a 29% increase year over year [30] - Vehicle deliveries reached 3,309 units, up 38% year over year, marking the sixth consecutive quarter of record deliveries [5][30] - 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 [31] - 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 [6][30] - The Lucid Gravity vehicle is expected to be the majority of deliveries in the second half of the year, with production ramping up [61] 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 [30][34] - The company has updated its annual production guidance to a range of 18,000 to 20,000 vehicles for 2025 [36] Company Strategy and Development Direction - The company is focused on operational discipline, building a distinctive scalable brand, and maintaining a sustainable edge through technology [10] - A partnership with Uber was announced, involving a $300 million investment to support the development of a next-generation premium robotaxi [7][28] - The company plans to implement a one-for-ten reverse stock split to ensure equity remains accessible to institutional investors [29] Management 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][13] - The company is committed to building a great business around its products, focusing on innovation, scaling responsibly, and maintaining capital discipline [25][37] Other Important Information - The company is expanding its brand awareness through partnerships with cultural figures, including Timothee Chalamet as a global brand ambassador [9][10] - The company is also working on enhancing its technology, including a software update for its advanced driver assist system [19] Q&A Session Questions and Answers 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 [39] Question: Is the midsize platform still on target for production in late 2026? - The midsize platform is still scheduled for production in late 2026, with deliveries expected to ramp up throughout 2027 [40][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 the company's scalable platform [42] Question: Should we expect any changes to the midsize initial ASPs as they ramp up? - There are no expectations for changes to the initial ASPs of the midsize platform [44][46] Question: Can you provide an update on the Atlas powertrain? - The Atlas powertrain is on track to achieve the same efficiency or better at a lower cost [56] Question: How much do write-downs on inventories and losses on firm purchase commitments relate to tariffs? - The tariff impact in Q2 was approximately $55 million, with expectations for reimbursements later in the year [77][81]

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 ...