Lucid Group, Inc. reported first-quarter 2025 revenue of $235 million, driven by the delivery of 3,109 electric vehicles—its highest quarterly delivery performance to date—as the company continues to build momentum in a competitive EV landscape.
The company reaffirmed its guidance to produce approximately 20,000 vehicles by the end of the year and reported a strong liquidity position with $5.76 billion in total cash and equivalents.
“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, Lucid’s interim CEO.
Lucid is pushing to scale production and expand its customer base, particularly with the rollout of the Lucid Gravity SUV. According to the company, the vehicle is “beginning to arrive in more customers’ driveways and at our studios.”
“We’re executing against our near-term goals—driving volume, improving margins and operating with rigor,” said Lucid CFO Taoufiq Boussaid. “And we're positioning ourselves for long-term value creation with clear strategic priorities, strong liquidity and breakthrough products that redefine their categories.”
