{"id":80742,"date":"2025-02-25T17:01:27","date_gmt":"2025-02-25T22:01:27","guid":{"rendered":"http:\/\/autosector.com\/?p=80742"},"modified":"2025-02-25T17:01:27","modified_gmt":"2025-02-25T22:01:27","slug":"lucid-lcid-expects-ev-output-to-double-in-2025-with-first-suv","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=80742","title":{"rendered":"Lucid (LCID) expects EV output to double in 2025 as the Gravity SUV rolls out"},"content":{"rendered":"
\n\t\"Lucid-EV-output-2025\"<\/figure>\n

EV startup Lucid Motors<\/a> (LCID) released its fourth-quarter earnings on Tuesday, beating estimates with big expectations for 2025. Lucid said it expects to produce about 20,000 EVs this year with the output of its first electric SUV, the Gravity, ramping up.<\/p>\n

<\/p>\n

Q4 2024 earnings preview<\/h2>\n

After four straight record quarters, Lucid delivered 10,241 vehicles<\/a> last year. That\u2019s up 70% from the roughly 6,000 EVs Lucid delivered in 2023.<\/p>\n

In the final three months of 2024, the company delivered 3,099 vehicles alone, nearly 80% more than the year prior. Lucid also hit its production target for the year with 9,029 EVs built at its Casa Grande, Arizona manufacturing plant. <\/p>\n

After launching its first electric SUV, the Gravity, in December, the EV maker expects output to pick up this year.<\/p>\n

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The higher volume helped Lucid generate $200 million in revenue in the third quarter<\/a>, but its net loss also widened to $992.5 million compared to $630.9 million in Q3 2023.<\/p>\n

Like most, Lucid has introduced significant discounts and incentives with up to $15,000 in savings on select Air models.<\/p>\n

\n\n\n\n\n\n
Q4 2022<\/td>\nQ1 2023<\/td>\nQ2 2023<\/td>\nQ3 2023<\/td>\nFull-year 2023<\/td>\nQ4 2023<\/td>\nQ1 2024<\/td>\nQ2 2024<\/td>\nQ3 2024<\/td>\nQ4 2024<\/td>\nFull-year 2024<\/td>\n<\/tr>\n
Lucid EV deliveries by quarter<\/td>\n1,932<\/td>\n1,406<\/td>\n1,404<\/td>\n1,457<\/td>\n6,001<\/td>\n1,734<\/td>\n1,967<\/td>\n2,394<\/td>\n2,781<\/td>\n3,099<\/td>\n10,241<\/td>\n<\/tr>\n<\/tbody>\n<\/table>
Lucid (LCID) EV deliveries by quarter through 2023 to 2024<\/figcaption><\/figure>\n

Wall St is estimating Lucid will post Q4 revenue of $214 million, up from $157.2 million in Q4 2023<\/a>, with an eps loss of 0.25.<\/p>\n

Lucid aims to double EV production in 2025<\/h2>\n

Lucid reported Q4 revenue of $234.5 million, up nearly 50% from the prior year and beating Wall St estimates. For the full year, the company generated $807.8 million, up from $595.2 million in 2023.<\/p>\n