Lucid Group (LCID) Q3 2025 Revenue Jumps 68% Despite $718M EBITDA Loss

Lucid Group Inc. (NASDAQ:LCID) ranks among the best short squeeze stocks to buy right now. On November 13, Benchmark reduced its price target for Lucid Group Inc. (NASDAQ:LCID) from $70 to $30, although it retained its Buy rating for the EV manufacturer’s shares. The decrease comes after Lucid Group Inc. (NASDAQ:LCID) announced in its Q3 report that it was pricing $875 million in senior unsecured convertible notes that are due in November 2031, along with a $100 million greenshoe option.

Lucid Group Inc. (NASDAQ:LCID) intends to use the proceeds for general corporate operations and to buy back a significant portion of its 1.25% 2026 notes, which have a principal of roughly $756 million for around $752 million in cash.

In addition, Lucid Group Inc. (NASDAQ:LCID) announced that its revenue for the third quarter of 2025 increased by a notable 68% year-over-year to $337 million. The company also shipped 4,078 vehicles, a 47% increase over the previous year. Despite revenue increases, Lucid’s adjusted EBITDA turned out to be $718 million loss.

Lucid Group Inc. (NASDAQ:LCID) is an electric vehicle manufacturer specializing in luxury electric cars. The company is famous for its high-performance vehicles with advanced battery technology.

While we acknowledge the potential of LCID to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LCID and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.