Lucid’s Q3 2025 Earnings Report: A Tale of Two Narratives
Lucid Motors delivered a mixed bag in its Q3 2025 earnings report, fueling both Optimism and skepticism. The luxury EV maker marked its seventh consecutive quarter of rising deliveries, signaling strengthening brand appeal. A newly announced partnership with Nvidia to advance autonomous driving technology further bolsters its long-term potential.
Yet financial realities temper the enthusiasm. Lucid missed revenue and earnings targets while racking up $2.5 billion in net losses through the first three quarters. The market has voted with its feet—LCID shares have plunged 43% year-to-date as investors focus on the mounting red ink.
Needham analyst Chris Pierce maintains a neutral stance, noting 'visible brand and delivery momentum not enough to drive escape velocity specific to LCID's financials.' The expiring $7,500 EV tax credit may have artificially boosted Q3 deliveries, adding another LAYER of uncertainty.
