Business
Lucid Announces First Quarter 2025 Financial Results
Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gatingDelivered 3,109 vehicles in Q1; up 58.1% compared to
About this update from Lucid Group, Inc.
[{"type":"text","content":"Produced 2,212 vehicles in Q1, excluding over 600 vehicles in transit to Saudi Arabia for factory gatingDelivered 3,109 vehicles in Q1; up 58.1% compared to Q1 2024Q1 revenue of $235.0 millionGAAP net loss per share of $(0.24); non-GAAP net loss per share of $(0.20)Ended the quarter with approximately $5.76 billion in total liquidityNEWARK, Calif., May 6, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most advanced electric vehicles, today announced financial results for its first quarter ended March 31, 2025. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).\n\n \n \n \n \n \n \n\n \nLucid reported first quarter revenue of $235.0 million on deliveries of 3,109 vehicles and expects to manufacture approximately 20,000 vehicles in 2025. Lucid ended the first quarter with approximately $5.76 billion in total liquidity.\n\"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. \"Lucid Gravity is beginning to arrive in more customers' driveways and at our studios, and combined with our progress toward future initiatives, our company is well positioned for future success.\"\n\"We're executing against our near-term goals — driving volume, improving margins, and operating with rigor,\" said Taoufiq Boussaid, CFO at Lucid. \"And we're positioning ourselves for long-term value creation — with clear strategic priorities, strong liquidity, and breakthrough products that redefine their categories.\"\nLucid will host a conference call for analysts and investors at 2:30 P.M. PT / 5:30 P.M. ET on May 6, 2025. The live webcast of the conference call will be available on the Investor Relations website at ir.lucidmotors.com. Following the completion of the call, a replay will be available on the same website. Lucid uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.\nAbout Lucid Group\nLucid (NASDAQ: LCID) is a Silicon Valley-based technology company focused on creating the most advanced EVs in the world. The award-winning Lucid Air and new Lucid Gravity deliver best-in-class performanc...