In 2025, Lucid (NASDAQ: LCID) has achieved record deliveries for seven consecutive quarters but has missed Wall Street earnings estimates for two quarters, reporting a revenue of $336.6 million, below the expected $379.1 million. The company’s adjusted loss per share was $2.65, worse than the anticipated $2.27. Lucid secured an increased loan facility from Saudi Arabia’s Public Investment Fund, raising it to approximately $2 billion, which extends its financial runway but may dilute shareholder value. As of Q3, Lucid had $5.5 billion in total liquidity, including $1.6 billion in cash and equivalents.
