Key Stats for Lucid Group Stock
- Price change for Lucid Group stock in last 6 months: -55%
- $LCID Stock Price as of Oct. 5: $4
- 52-Week High: $24
- $LCID Stock Price Target: $8
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What Happened?
Lucid Group (LCID) missed Wall Street estimates for Q3 deliveries on Monday. The luxury EV maker also sharply cut production.
Lucid delivered 3,806 vehicles in the quarter ended September 30. Analysts had expected 4,687. It built 2,954 vehicles, well below the 3,709 analysts expected.
Output fell 38% from 4,774 vehicles in Q2. The drop followed Lucid’s end of the second shift at its AMP-1 plant in Arizona.
Deliveries were 852 higher than production. That means Lucid sold cars it already had in stock. This is part of a cost-cutting plan that aims to improve cash flow by $1.4 billion this year.
Lucid said demand for its Gravity SUV “continued to regain momentum.” It did not give any numbers.
So far this year, Lucid has delivered 10,852 vehicles. Analysts expect about 17,070 for the full year.
To hit that, Lucid would need to deliver roughly 6,200 in Q4. Its quarterly record is 5,345, set in the Q4 of 2025.
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What the Market Is Telling Us About Lucid Group Stock
The miss was not a surprise to everyone. On the August call, new CEO Silvio Napoli warned that production and deliveries would come in below consensus.
He said production would fall because of the move to one shift. He also said deliveries should be above production, thanks to inventory on hand.
The plan is to turn unsold cars into cash. Management said it wants inventory back to a normal level by year-end.
In Q2, Lucid’s free cash flow was negative $1.476 billion. Revenue was about $405 million, and adjusted EBITDA was-$901 million.
The company says it has $3 billion in liquidity as of June 30. It also drew another $800 million on a loan after the quarter. Management expects liquidity to last well into 2027.
Still, the Q4 looks like a big hill to climb. Lucid Group stock may stay under pressure if deliveries do not pick up.
Anyone following Lucid Group stock will want to watch how much of the inventory it can sell.
Investors in Lucid Group stock should also watch the Uber and Nuro robotaxi launch, planned for late 2026. The next update comes with Q3 results in November.
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So what is Lucid stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
