Lucid Motors Is Laying Off 12% of Its Staff. Is There Any Hope for LCID Stock Here?

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Ruchi GuptaTue, February 24, 2026 at 3:52 PM GMT+1 3 min readLucid Group (LCID) is a cutting-edge American company specializing in luxury electric vehicles (EVs). It designs, engineers, and manufactures high-performance EVs like the Lucid Air sedan and Gravity SUV, along with advanced powertrains and battery systems.Founded in 2007 as Atieva, it was renamed Lucid Motors in 2016. The company is headquartered in Newark, California, with key manufacturing in Casa Grande, Arizona. Lucid operates primarily in the United States and Saudi Arabia while supplying tech to partners like Aston Martin (ARGGY) globally.Why Citi Analysts Think You Should Buy Microsoft Stock NowNetflix Investors Breathe Sigh of Relief: $83 Billion WBD Deal In DOJ CrosshairsStanley Druckenmiller Just Exited Sandisk Stock. Should You Buy SNDK After Its Blowout Earnings?Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.Lucid Group's stock has faced significant downward pressure recently. Over the past five days, it declined about 5% while slipping 15% over a month and 26% in a quarter. The stock has crashed over 53% in the past six months and close to 66% in the 52-week period as it trades at its 52-week low.In comparison, LCID has underperformed the Nasdaq Composite ($NASX) sharply across periods. While Nasdaq dipped noticeably with a 4% slip in a month, LCID's losses are much steeper, highlighting sector-specific EV challenges versus broader tech resilience.www.barchart.comLucid Group reported Q3 2025 on Nov. 5, 2025, with a revenue of $336.6 million, up 68% year-over-year (YoY) but missing analyst estimates of $347-$379 million by 3-11%. Adjusted EPS came in at -$2.65, worse than the expected -$2.19 to -$2.27 loss, marking a 17-21% miss despite improving from last year's -$2.80.Key financials show gross margins improving amid cost controls, though adjusted EBITDA was -$717.7 million. Cash reserves remain bolstered by Saudi PIF funding, but free cash flow stayed deeply negative with high operating losses of around $1 billion for the quarter. Production hit record levels, with 4,078 deliveries, signaling operational ramp-up despite inventory buildup.For Q4 2025, which is set to be announced tomorrow, Feb. 24, 2026. Lucid has released its Q4 production and deliveries report. Lucid produced 8,412 vehicles (+116% vs. Q3) and delivered 5,345 (+31% vs. Q3), with full-year 2025 totals at 18,378 produced (+104% YoY) and 15,841 delivered (+55% YoY).Lucid Group is laying off 12% of its workforce to boost profitability. The cuts target non-manufacturing roles, sparing factory, logistics, and quality teams, even as production ramps up for the Gravity SUV and a new $50,000 mid-sized EV launches later this year.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,948.75 -11.00 (-0.16%)Dow Futures49,449.00 -85.00 (-0.17%)Nasdaq Futures25,303.75 -78.25 (-0.31%)Russell 2000 Futures2,667.80 +0.10 (+0.00%)VIX17.93 -1.62 (-8.29%)Gold5,200.70 -25.50 (-0.49%)Trending tickersNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)BTC-USD Bitcoin USD 67,984.16 +1,839.25 (+2.78%)CRM Salesforce, Inc. 191.75 +6.33 (+3.41%)IONQ IonQ, Inc. 33.59 +1.97 (+6.23%)SNOW Snowflake Inc. 169.21 +8.15 (+5.06%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 46.51 +13.04 (+38.96%)CRCL Circle Internet Group 83.14 +21.77 (+35.47%)CAVA CAVA Group, Inc. 85.67 +17.87 (+26.36%)CCC CCC Intelligent Solutions Holdings Inc. 6.34 +1.28 (+25.30%)ECG Everus Construction Group, Inc. 130.10 +25.89 (+24.84%)Top losersIBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)LUNR Intuitive Machines, Inc. 15.89 -3.01 (-15.93%)DEO Diageo plc 86.15 -15.99 (-15.66%)GDDY GoDaddy Inc. 79.12 -13.18 (-14.28%)FSLR First Solar, Inc. 210.12 -33.09 (-13.61%)Most activeNVDA NVIDIA Corporation 195.56 +2.71 (+1.41%)PLUG Plug Power Inc. 1.9100 0.0000 (0.00%)IBRX ImmunityBio, Inc. 9.54 -2.01 (-17.40%)INTC Intel Corporation 46.88 +0.76 (+1.65%)ONDS Ondas Inc. 10.30 -0.10 (-0.96%)Top economic eventsEarnings eventsMy earnings eventsEarnings events