Overview

• Lucid reported $259 million in second-quarter revenue with 3,309 deliveries and 3,863 vehicles produced, and it lowered its 2025 production guidance to 18,000–20,000 units after missing some analyst expectations.
• The automaker will accelerate Gravity SUV output and unveil an off-road Gravity X concept at Pebble Beach to drive higher volume ahead of key incentives expiring.
• A Europe-focused robotaxi partnership with Uber includes a prospective $300 million investment and a commitment to deploy 20,000 Gravity-based vehicles over six years.
• Institutional investors such as BlackRock, Dimensional Fund Advisors and Barclays increased their stakes in Q2 while Lucid prepares for a shareholder vote on a 1-for-10 reverse stock split.
• Tariffs, the loss of regulatory credit sales and the looming end of the federal EV tax credit are squeezing margins and have helped push Lucid’s share price down about 25–28% year-to-date.