Lucid Group Inc. LCID shares fell 8.68% in pre-market buying and selling on Wednesday after the electrical automobile (EV) maker posted a steeper-than-expected Q2 loss and revealed it is dropping over $82,000 on every automobile bought.
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Money Burn, Liquidity Points Amplify Issues
The corporate reported a web lack of $728.9 million for the quarter, or 30 cents per share, whereas income got here in at $151 million — each lacking Wall Road estimates. Lucid delivered simply 2,394 automobiles, down from 2,810 within the earlier quarter, regardless of producing 2,110 items.
Try the present worth of LCID inventory right here.
Lucid continues to grapple with excessive prices and low volumes. The automaker is investing closely in its AMP-2 plant in Saudi Arabia, with expectations to ramp up native manufacturing in 2026. Till then, automobiles shall be shipped from Arizona.
CEO Peter Rawlinson mentioned on the earnings name that Lucid is specializing in “amplifying demand” and famous that its upcoming Gravity SUV stays on observe for late 2024. However the firm’s money burn stays excessive, with $1.2 billion spent within the first half of 2025 and simply $4 billion in liquidity remaining.
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Manufacturing Scale Stays A Key Hurdle
Lucid’s losses additionally spotlight the broader problem for startups attempting to succeed in economies of scale. As of Q2, the corporate is dropping roughly $81,810 per automobile bought.
Throughout its earnings name, Lucid introduced a revision to its 2025 annual manufacturing steerage, decreasing its goal from 20,000 items to a spread of 18,000 to twenty,000 items.
In keeping with Benzinga Edge Inventory Rankings, Lucid has a price rating of 56.88% and a momentum score of 19.70%. Click on right here to see the way it compares to different main EV corporations.
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