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Lucid Motors Faces Crossroads Amid EV Market Turbulence

Lucid Motors Faces Crossroads Amid EV Market Turbulence

Author:

Global Cryptocurrency

Published:

2025-10-19 18:17:02

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BTCCSquare news:

Lucid Group's stock has cratered 81% over three years despite engineering accolades for its Air Sapphire sedan. The EV sector faces headwinds from expiring U.S. tax credits and shifting consumer preferences toward hybrids, with Rivian similarly down 60%.

Second-quarter results show glimmers of hope: revenue jumped 72% to $259.4 million while production surged 83% to 3,863 vehicles. Deliveries climbed 38%, though these figures may reflect last-minute purchases before credit expiration. Lucid's premium pricing excludes it from direct incentives, leaving leasing as its primary subsidy pathway.

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