Lucid Group Reports Q4 Earnings Beat Amid Stock Plunge, CEO Transition

Lucid Group, Inc. recently reported its fourth-quarter earnings, showcasing a smaller-than-expected earnings loss of $0.22 per share against analyst expectations of $0.26. While the revenue of $234.5 million exceeded estimates, the company's significant financial challenges persist, including total losses nearing $13 billion and a tumultuous leadership transition with CEO Peter Rawlinson stepping down. Despite these hurdles, Lucid celebrated a 71% increase in vehicle deliveries, reaching 10,241 units in 2024, bolstered by the enthusiastic launch of the Lucid Gravity SUV. However, analysts remain cautious, with several downgrading their ratings and price targets due to ongoing concerns about profitability and gross margins, which remain negative. The company's stock fell 12.83% shortly after the earnings report, reflecting investor uncertainty about its future. As Lucid navigates these challenges, it aims to increase production significantly in 2025, targeting around 20,000 vehicles.