Lucid Group Inc (LCID)

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Lucid Q1 Earnings Preview: Analysts point to scalability issues and competition from Chinese EVs
May 05, 2025 11:54 AM ET
By: Akanksha Khushi, SA News Editor

EV manufacturer Lucid (NASDAQ:LCID) is set to report its first quarter earnings result on Tuesday, May 6th, after the closing bell. Analysts on consensus expect the company to report a loss of $0.23 per share. Meanwhile, revenue is expected to increase more than 40% from last year, to $247.54M.

Seeking Alpha analyst Juxtaposed Ideas pointed to LCID’s lack of floor in a recent analysis, partly attributing it to more cash burn and dilutive capital raises over the next few years.

“This is worsened by the higher FY2025 capex, ongoing ramp-up of its Gravity production, and plan to enter the midsize electric SUV market in 2026,” the analyst added. The analyst also said that despite Lucid’s plans to enter international markets such as Saudi Arabia and the EU, the automaker is likely to face immense competition from lower-priced Chinese EVs too.

Before we head into Lucid’s earnings, let’s take a look at some significant announcements made by the company in the past quarter.

Lucid said last month that it is on track to enter the midsize electric SUV market in 2026. The new model will join the Lucid Air sedan and Lucid Gravity SUV in the company's lineup. Lucid also said last month that it produced 2,212 vehicles for the quarter that ended on March 31. The company delivered 3,109 vehicles during the quarter to top the consensus estimate of 2,947 vehicles.

In the last one year, the EV-maker has beaten both EPS and revenue estimates 75% of the time. Analysts have revised their estimates for both top and bottom-line in the last three months, with both EPS and revenue estimates seeing two upward revisions each.

Seeking Alpha analyst Dilantha De Silva has a bearish view on LCID stock, citing persisting scalability issues. “Lucid's niche market focus and inability to scale profitably make it an uninvestable option despite short-term gains from Tesla's struggles,” De Silva added.

https://seekingalpha.com/news/4441137-lucid-q1-earnings-preview-analysts-point-to-scalability-issues-and-competition-from-chinese-evs