Lucid falls after forecasting slower pace of production in 2026

Lucid

25/02/2026 10:06

** Shares of electric vehicle maker Lucid Group LCID.O down 4% at $9.52 premarket

** Co forecast slower 2026 production growth and posted a larger-than-expected Q4 loss, on supply-chain setbacks and tariffs

** Expects to produce 25,000 to 27,000 vehicles in 2026, implying growth of 50% or more, but slower than 2025, when production nearly doubled to 17,840 vehicles

** LCID posted Q4 adjusted loss of $3.08 per share, higher than estimates loss of $2.62 per share - LSEG-compiled data

** Quarterly revenue of $522.7 million beat estimates of $468 million

** Of 12 brokerages tracking the stock, one rates it "buy", nine "hold" and two "sell"; their median PT is $16.91 - LSEG-compiled data

** As of last close, stock down 6.1% YTD vs. The Nasdaq's .IXIC 1.6% fall

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))