Lucid Plans 2026 Midsize EV, Uber Robotaxi Launch But Near-Term Headwinds Linger
1. Lucid reported Q2 revenue of $259.4 million, missing estimates by $36.84 million. 2. Adjusted loss of 24 cents per share exceeded predictions of 21 cents. 3. Analyst maintains Neutral rating due to production guidance and negative gross margins. 4. Production estimates for FY25 lowered to 18,500 vehicles, impacting future revenue. 5. Lucid's Gravity SUV orders doubled, indicating potential for increased customer demand.