Lucid Group’s Q2 Deliveries Spark Retail Interest Amid EV Challenges
Lucid Group drew heightened attention from retail traders late Wednesday after reporting a solid 38% year-over-year bump in deliveries for the second quarter, offering a rare bright spot in a challenging environment for EV makers.
Q2 Deliveries & Production Highlights
Between April and June, Lucid produced 3,863 vehicles and delivered 3,309, marking a significant increase from the same period last year, when the company manufactured just over 2,100 cars and delivered fewer than 2,400.
First Half 2025 Performance
For the first half of 2025, Lucid reported total production of 6,075 vehicles and 6,418 deliveries.
Navigating Market Challenges & Product Pipeline
The company’s still facing plenty of challenges. Higher interest rates and added costs from new U.S. tariffs have made the EV market more unpredictable.
Strategic Product Lineup
But Lucid is leaning into its product pipeline. It’s counting on the Gravity SUV, which is now hitting the market, and a mid-size electric vehicle expected to start around $50,000 to help it break into a broader customer base.
Anticipated Q2 Financial Results
Lucid will report its second-quarter results on August 5.
Analyst Projections
Analyst estimates from Koyfin suggest that Q2 revenue could climb to $288.1 million, up from $235 million in the last quarter.
At the same time, losses are expected to deepen:
- Core loss (EBITDA) is projected to be around $628.8 million.
- The operating loss (EBIT) could widen to $755.3 million.
- GAAP loss per share is expected to be $0.23, with adjusted EPS at approximately $0.21.
Strategic Sourcing for Battery Materials
In June, Lucid signed a long-term agreement with Graphite One to source natural graphite from Alaska starting in 2028. It’s part of a broader effort to lock in U.S.-based materials for its EV batteries, alongside earlier deals with Syrah Resources and others.
Retail Sentiment and Future Outlook
Retail sentiment was ‘bullish’ amid ‘high’ message volume.
User Insights and Future Prospects
- One user highlighted anticipation around possible announcements of new vehicle models or partnerships, referencing interim CEO Marc Winterhoff’s recent teaser: “Stay tuned – lots of exciting things are in the works.”
- Another user noted that the Q2 figures didn’t yet reflect deliveries of the new *Gravity SUV*, adding that earlier production issues have been resolved and *Gravity* deliveries are now underway. They suggest future numbers could show a noticeable increase.
The stock has declined 32.3% so far in 2025.
