Lucid announces Q1 financials, keeps 2025 output estimates intact

07/05/2025 Argaam

Lucid Group reported mixed quarterly results but maintained its production forecasts unchanged, despite economic uncertainty in the US.

 

The EV manufacturer incurred lower-than-expected losses in Q1 2025, but sales fell short of Wall Street estimates. It ended the first quarter with $5.76 billion in cash.

 

However, the company maintained its forecast for production of approximately 20,000 vehicles in 2025, after delivering 3,109 vehicles in the first quarter, a 58.1% year-on-year (YoY) increase.

 

"We continued to build momentum in the first quarter as we achieved yet another delivery record, further strengthened our market position, and executed against operational priorities," said Marc Winterhoff, Interim CEO at Lucid.

 

Last February, the company announced the stepdown of CEO Peter Rawlinson, who became an advisor to the Chairman, while COO Winterhoff was appointed interim CEO.  

 

Q1 2025 Results:

Item

 

 

Q1 2025

    

Q1 2024

    

Estimates

    

YoY change

Revenues ($ mln)

 

 

235.048

    

172.740

    

248

    

36.01%

Adjusted Loss Per Share (cent)

 

 

20

    

27

    

22

    

(25.9%)

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.