Lucid (LCID) Cuts 2025 Production Guidance Amid Global Trade Tensions

Lucid Group, Inc. (NASDAQ:LCID) is one of the best EV penny stocks to buy according to hedge funds. On August 5, the company announced its second-quarter 2025 financial results, revising its full-year 2025 production forecast downward to 18,000–20,000 vehicles from the previous estimate of 20,000 cars. Lucid cited caution amid an unprecedented number of surprises this year and macroeconomic challenges.

Lucid (LCID) Cuts 2025 Production Guidance Amid Global Trade Tensions

During the quarter, Lucid produced 3,863 vehicles and delivered 3,309 vehicles, marking a 38% increase in deliveries compared to the same period last year. Revenue reached $259.4 million, slightly below some analyst expectations, though representing a 29% increase year-over-year. The company reported a net loss of $855 million for the quarter, or $0.28 per share (GAAP), with an adjusted loss per share of $0.24, missing forecasts.

Lucid attributed its lowered production guidance partly to global trade tensions impacting costs and supply chains, as well as consumer spending caution and tariff-related pressures that increased production costs. The company stated that it is actively ramping up production of its Gravity SUV and has initiated partnerships with Uber and Nuro for robotaxis.

Lucid Group, Inc. (NASDAQ:LCID) is a U.S.-based luxury EV manufacturer. The company is known for its flagship sedan, the Lucid Air, which features high-performance battery technology and advanced autonomous driving capabilities. Lucid operates a production facility in Arizona and has expanded its global footprint through strategic partnerships and international sales.

While we acknowledge the potential of Lucid Group, Inc. (NASDAQ:LCID) as an investment, 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 the cheapest AI stock.

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