Q3 2025 Performance - Lucid achieved record quarterly revenue of $336.6 million in Q3 2025[16] - The company delivered 4,078 vehicles in Q3 2025, a 47% increase year-over-year[16, 19] - Lucid produced 3,891 vehicles in Q3 2025, up 116% year-over-year[19] - Q3 GAAP diluted net loss per share was $(3.31), while non-GAAP diluted net loss per share was $(2.65)[16] Liquidity and Investment - Lucid's total liquidity at the end of Q3 2025 was $4.2 billion[16, 29] - Subsequent to quarter end, the Public Investment Fund (PIF) and Lucid agreed to increase the delayed draw term loan credit facility (DDTL) from $750 million to approximately $2 billion, potentially increasing total liquidity to $5.5 billion[16, 29] - Uber made a $300 million strategic investment in Lucid[16, 30] Strategic Initiatives - Lucid launched a strategic collaboration with NVIDIA to develop L4 autonomy for the consumer market[16] - The company delivered the first Lucid Gravity engineering vehicles to Nuro for deployment of Uber robotaxis, with San Francisco announced as the first city in 2026[16] Financial Position - Lucid ended Q3 2025 with approximately $3.0 billion in cash, cash equivalents, investments, and equity securities[54, 55] - Net loss for Q3 2025 was $(978.4) million, compared to $(992.5) million in Q3 2024[56] - Free cash flow for Q3 2025 was $(955.5) million, compared to $(622.5) million in Q3 2024[56]

Core Insights - Lucid Group, Inc. has announced a collaboration with NBA stars Jalen Brunson and Josh Hart to enhance its marketing campaign, which emphasizes a commitment to excellence and innovation [1][2][3] - The campaign will launch with prominent advertisements and social media activations coinciding with the New York Knicks' home opener on October 22 [1][2] - The partnership aims to connect Lucid's brand with cultural moments in sports, fashion, music, and film, reinforcing its mission of uncompromising quality [2][3] Company Overview - Lucid Group is a technology company based in Silicon Valley, focused on producing advanced electric vehicles (EVs) [4] - The company’s flagship models, the Lucid Air and Lucid Gravity, are noted for their high performance, sophisticated design, and energy efficiency [4] - Lucid operates a vertically integrated factory in Arizona for vehicle assembly, showcasing its commitment to innovation in EV technology [4]