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Lucid Group Reports 36.1% Year-Over-Year Revenue Growth

Jun 24, 2025 (2 days ago)
Positive
Lucid Group Reports 36.1% Year-Over-Year Revenue Growth
Lucid Group achieved a 36.1% increase in quarterly revenue, reaching $235.05 million, driven by its electric vehicle and powertrain sales.

Revenue Growth

  • Lucid Group reported quarterly revenue of $235.05 million, up 36.1% from the same quarter last year1
  • This growth underscores the company's expanding EV sales and powertrain demand1

Earnings Miss

  • The company reported a loss of $0.24 per share, missing analyst estimates of a $0.23 loss1
  • This reflects higher operational costs despite revenue growth1

Business Operations

  • Lucid designs, engineers, and manufactures electric vehicles, EV powertrains, and battery systems1
  • The company also develops proprietary in-house software for its vehicles1

Institutional Ownership

  • Institutional investors and hedge funds own 75.17% of Lucid's stock, indicating strong institutional confidence1
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