economy
February 24, 2026
Lucid Widely Misses Earnings Expectations, Forecasts Continued EV Growth in 2026
For 2026, Lucid announced a vehicle production target of between 25,000 and 27,000 units, which would be a roughly 40% to 51% increase compared with last year.
TL;DR
- Lucid missed fourth-quarter earnings expectations but beat revenue estimates.
- The company revised its 2025 production downward due to internal validation issues, but expects to complete those vehicles this year.
- For 2026, Lucid set a production target of 25,000-27,000 units, a 40%-51% increase from 2025.
- New models, including a midsize vehicle and robotaxis, are planned.
- Lucid ended the year with $4.6 billion in liquidity.
- The company reported a net loss of $2.7 billion for 2025.
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