Lucid Shares Plummet After Q2 Earnings Miss Estimates, Uber Robotaxi Launch Expected in 2026

Lucid Group reported disappointing Q2 results, with revenue of $259.4 million, missing analyst estimates of $296.24 million. The company also posted a larger-than-expected adjusted loss of 24 cents per share. Despite strong vehicle performance and ramped-up production, Cantor Fitzgerald analyst Andres Sheppard maintains a Neutral rating, citing persistent challenges such as supply constraints, negative gross margins, and a revised FY25 production outlook. Sheppard expects Lucid's vehicles to offer superior battery efficiency, range, performance, space, and charging speed, but remains neutral near term due to the company's revised guidance, persistently high negative gross margins, and supply constraints.

Lucid Group Inc (NASDAQ: LCID) reported its second-quarter (Q2) 2025 earnings on Tuesday, August 5th, with mixed results. The company announced revenue of $259.4 million, falling short of analyst estimates of $296.24 million. Lucid produced 3,863 vehicles and delivered 3,309 vehicles during the quarter. The company ended Q2 with approximately $4.86 billion in total liquidity. However, Lucid shares were down 6.78% in the after-hours session following the announcement.

The company also revised its 2025 production outlook downward, from a prior guidance of 20,000 vehicles to a range of 18,000 to 20,000 vehicles. This adjustment reflects the company's ongoing efforts to navigate a challenging macroeconomic backdrop and adapt to market conditions.

Lucid's Q2 2025 earnings presentation highlighted several key developments. The company launched a next-generation robotaxi partnership with Uber and Nuro, aiming to deploy a minimum of 20,000 Lucid Gravity vehicles equipped with Nuro Driver™ Level 4 autonomy. Additionally, Lucid expanded DreamDrive Pro functionality, introducing Hands-Free Drive Assist and Lane Change Assist. The company also announced access to over 23,500 Tesla Superchargers in North America for all Lucid Air models using a Lucid-approved NACS adapter, significantly increasing driving range. Notably, Lucid appointed award-winning actor Timothée Chalamet as its first global brand ambassador, aiming to bolster brand awareness.

Despite the quarterly setback, Lucid remains committed to its strategic goals, including disciplined cost management, brand building, and executing its Lucid Gravity launch ramp. The company continues to focus on strengthening its balance sheet and maintaining long-term alignment with partners and shareholders.

References:
[1] https://www.ainvest.com/news/lucid-group-q2-earnings-revenue-eps-estimates-ev-maker-lowers-2025-production-target-2508/
[2] https://finance.yahoo.com/news/lucid-announces-second-quarter-2025-200500077.html
[3] https://www.investing.com/news/company-news/lucid-q2-2025-slides-record-revenue-amid-production-guidance-adjustment-93CH-4171391