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Lucid Group (NASDAQ:LCID) just posted a mixed bag for Q1 2025 record deliveries but mounting losses. The EV maker delivered 3,109 vehicles, marking a 58.1% increase from last year, but revenue of $235 million still couldn't plug the financial bleed, with a GAAP net loss per share of $(0.24). Despite the hit, Lucid's liquidity remains robust at $5.76 billion, setting the stage for a push to hit its 20,000-vehicle production target for 2025.
Interim CEO Marc Winterhoff spotlighted Lucid Gravity, the company's luxury SUV, as a key driver of future growth, already making its way into customer hands and studios. Meanwhile, CFO Taoufiq Boussaid hammered home the focus on tightening margins, ramping up volume, and reinforcing liquidity. The strategic emphasis? "Long-term value creation through breakthrough products," said Boussaid, underscoring the company's plan to redefine EV categories while sharpening operational discipline.
Lucid is set to unpack more on its Q1 performance and strategic roadmap during its May 6 earnings call. Investors are watching closely, ready to gauge if Lucid's liquidity cushion can fuel its ambitious 2025 targets or if it's another EV hype train running on empty.
This article first appeared on GuruFocus.