Overview

• Lucid delivered a quarterly record of 3,309 vehicles in Q2, a 6% rise from the prior quarter.
• Production reached 3,863 units, nearly 1,000 more than in Q1, yet first-half output of 6,075 vehicles leaves a 14,000-unit gap to hit its annual goal.
• The company maintains its full-year projection of “approximately 20,000 vehicles,” which demands roughly double the pace in the second half.
• CEO Marc Winterhoff attributes the slow Gravity SUV ramp-up to tariff hurdles and a quality-first approach following its December launch.
• Accumulated losses stand at $13.3 billion versus a $6.19 billion market cap, and shares have fallen over 30% in the past six weeks.