Lucid Group EV Deliveries and Financial Performance
Lucid Group (NASDAQ: LCID) has reported delivering approximately 3,100 electric vehicles in the first quarter of 2025, a significant increase of over 50% from 2,000 vehicles in the same quarter of 2024. Despite this growth, the startup remains far behind market leader Tesla, which sold about 337,000 EVs in the same quarter.
Financially, Lucid reported a loss of $366 million in Q1 2025, a reduction from a loss of $681 million reported in the previous year. The company’s stock is currently trading below $2.50 per share, raising questions about its long-term viability as it competes in an increasingly crowded electric vehicle market.
