Overview

• Lucid says recent weekly output of its Gravity SUV exceeded the total produced in the first half of 2025, arguing that industry registration datasets lag actual shipments.
• The automaker reported Q2 revenue of $259 million, delivered a record number of vehicles and boosted production rates but trimmed its 2025 guidance to 18,000–20,000 units despite negative margins.
• Qualifying lessees who order a Gravity by September 30 and sign leases from October 1 to December 31 will receive a $7,500 Lucid Advantage Credit after the federal EV tax subsidy ends.
• Institutional investors including BlackRock, Dimensional Fund Advisors, Barclays and HSBC adjusted their stakes during Q2 as Lucid seeks shareholder approval for a reverse 1-for-10 stock split.
• A $300 million Uber investment as part of a tie-up with Nuro will fund deployment of up to 20,000 Gravity-based robotaxis over six years, with initial launches expected in late 2026.