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Lucid may face tough 2025 despite volume increase

A preview of Lucid’s Q4 results point to positive developments, but the geopolitics of EVs could constrain its financial success. By Will Girling

Lucid beat market expectations when it announced a preview of its Q4 results on 6 January 2025. It produced 3,386 vehicles and delivered 3,099, representing year-on-year growth of 42% and 79%, respectively. The automaker also narrowly exceeded its own 9,000-unit production target for 2024 and delivered more than 10,000 vehicles in total. An earnings call to discuss the full Q4 report is set for 25 February.

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