Lucid (LCID 5.37%), once valued at $90 billion, now faces a pivotal moment with the upcoming Gravity SUV and significant backing from Saudi Arabia. Could this be the turnaround investors have been waiting for?
Earlier this week Tesla reported a 14% decline in second-quarter electric vehicle (EV) deliveries versus last year. Some of that drop is due to increasing competition from traditional automakers and smaller EV makers alike.
Lucid missed Wall Street expectations for second-quarter deliveries on Wednesday, hit by softer demand for its luxury electric vehicles as consumers grapple with economic uncertainty and higher costs.
NEWARK, Calif. , July 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced production and delivery totals for the quarter ended June 30, 2025.
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