Lucid has reduced its annual production forecast and announced quarterly results below expectations, pressured by trade tensions in the U.S.
The American electric vehicle brand announced that it achieved revenue of $259.4 million in the second quarter of 2025, below estimates of $279.9 million.
Despite an increase in deliveries of its luxury electric vehicles, Lucid is going through a time of great uncertainty, as U.S. import tariffs are jeopardizing supply chains and increasing vehicle costs by thousands of dollars.
In this way, the American company has been seeking to close agreements with American companies to source essential minerals used in the production of electric vehicles domestically.
Given the uncertainty over tariffs, Lucid has revised its annual production forecast downward, which is now expected to be between 18,000 and 20,000 units, compared to the initial annual forecast of 20,000 vehicles.
Remember that Lucid recently announced that Uber will invest $300 million in the American electric vehicle manufacturer for the development of a robotaxi. The goal is to launch more than 20,000 Lucid Gravity SUVs, which will be equipped with autonomous vehicle technology from the startup Nuro.
