Lucid Group shares fall after weak first-quarter sales and losses
Updated
Updated · The Wall Street Journal · May 5
Lucid Group shares fall after weak first-quarter sales and losses
10 articles · Updated · The Wall Street Journal · May 5
The EV maker reported $282 million in revenue, delivered 3,093 vehicles versus 5,345 in late 2025, and burned $1.4 billion in cash.
Lucid said a parts supplier quality issue stalled sales, while after-hours shares fell more than 2% and the stock is now down 41% this year.
The company raised $1 billion from investors including Saudi Arabia's Public Investment Fund and Uber as it bets on the new Gravity SUV to revive growth.
After securing billions in funding, why did Lucid suddenly suspend its 2026 production forecast?
Can Lucid's new leadership finally solve its supply chain crisis before its crucial sub-$50k EV launch?
Is Lucid's real future in selling luxury EVs or in powering Uber's global robotaxi fleet?