Lucid Shares Plunge 9.7% as Volume Slides to 396th Amid Production Woes and Pricing Pressures

On August 6, 2025, Lucid Group (LCID) fell 9.71% to close its worst-performing day in recent months, with a trading volume of $300 million, ranking 396th in market activity. The decline followed mixed quarterly results and production guidance adjustments.

The automaker reported weaker-than-expected revenue and a widened net loss, driven by soft sales of its flagship Gravity SUV. CEO Marc Winterhoff acknowledged underperformance in the model’s rollout, citing challenges from trade policies, supply chain constraints, and competitive pressures. Lucid also revised its annual production target downward to 18,000–20,000 vehicles, below prior forecasts, raising concerns about execution consistency.

Despite record vehicle deliveries in Q2, analysts highlighted structural risks, including high pricing for luxury EVs and intensifying competition from Chinese automakers. Winterhoff emphasized improved production readiness and a partnership with Uber and Nuro to develop robotaxis, but investors remained skeptical about near-term profitability. The company’s liquidity remains robust at $4.86 billion, supporting its midsize platform launch in 2026.

A backtested strategy of purchasing top 500 high-volume stocks and holding for one day generated a 166.71% return from 2022 to 2025, outperforming the benchmark by 137.53%. This underscores liquidity-driven momentum in volatile markets, though long-term sustainability remains unproven.