Lucid vehicle

(Adam Gray/Getty Images)

Lucid falls on disappointing earnings and a weaker production outlook

Lucid reported its second-quarter earnings after the bell on Tuesday.

8/5/25 4:34PM

Shares of luxury EV maker Lucid fell more than 6% in after-hours trading after the company posted its second-quarter earnings.

Lucid reported a loss per share of $0.28 on $259.4 million in sales. That’s worse than the $0.22 loss per share on revenue of $259 million expected by analysts polled by FactSet. In the same period last year, Lucid’s revenue was $200.6 million.

Costs continued to outweigh sales, and Lucid posted a net loss of $855.3 million on the quarter, worse than the $738 million analysts expected and 8% deeper than the same period last year.

Looking ahead, Lucid downwardly revised its production outlook to between 18,000 and 20,000 vehicles, below its previous guidance of 20,000 vehicles. Lucid improved its delivery total by 38% in the second quarter, selling about 3,300 vehicles.

Last month, Lucid shares surged following news that Uber would make “multi-hundred-million dollar investments” in the company in order to launch a US robotaxi network next year. The stock has since wiped out most of those gains and is down about 19% year to date.

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