Lucid Group, Inc.announced its financial results for the first quarter ended March 31, 2025. The full earnings presentation is available on the company’s investor relations website: https://ir.lucidmotors.com.
For the first quarter, Lucid reported revenue of $235.0 million, driven by the delivery of 3,109 vehicles. The company reaffirmed its 2025 production outlook of approximately 20,000 vehicles.
Lucid closed the quarter with a strong financial position, reporting approximately $5.76 billion in total liquidity, supporting continued investment in product development, manufacturing expansion, and global growth initiatives.
“We continued to build momentum in the first quarter as we achieved yet another delivery record, further strengthened our market position, and executed against operational priorities,” said Marc Winterhoff, Interim CEO at Lucid. “Lucid Gravity is beginning to arrive in more customers’ driveways and at our studios, and combined with our progress toward future initiatives, our company is well positioned for future success.”
“We’re executing against our near-term goals — driving volume, improving margins, and operating with rigor,” said Taoufiq Boussaid, CFO at Lucid. “And we’re positioning ourselves for long-term value creation — with clear strategic priorities, strong liquidity, and breakthrough products that redefine their categories.”
