LCID Stock Drops To Historic Low While Rival EV Stocks Hold Up — Here’s Why

• Shares of Lucid’s rivals Tesla, Rivian and even Chinese EV player Nio closed up 1%, 1.25%, and 7%, respectively.
• The slump comes on the heels of the company recalling 3,627 units of its model year 2024- 2026 Air sedans.
• Lucid’s deliveries fell in the first quarter to 3,093 vehicles, owing to a supplier quality issue which disrupted sales.

Shares of EV maker Lucid Group (LCID) closed at an all-time low on Friday, driven by weak delivery numbers and production issues.

The stock opened at $8.81, traded as high as $9.01, but sold off sharply to close at $8.58.

In comparison, Lucid’s rivals Tesla (TSLA), Rivian (RIVN) and even Chinese EV player Nio (NIO) closed up 1%, 1.25%, and 7%, respectively.

Weak Numbers, Multiple Recalls

The slump comes on the heels of the company recalling 3,627 units of its model year 2024-2026 Air sedans. According to a filing with U.S. auto safety regulator National Highway Traffic Safety Administration, improperly secured bolts on the vehicles may allow the half-shaft to disconnect from the drive unit, resulting in a loss of drive power and increasing the risk of a crash. As for a fix, the company will remove and install new bolts, the regulator said.

Earlier this year, the company also recalled certain model year 2025-2026 Gravity SUVs, citing issues with the second row seat brackets.

Lucid delivered 3,093 vehicles in the first quarter (Q1), lower than the 3,109 units delivered in the corresponding quarter of 2025. The company pinned the drop in deliveries to a disruption on Gravity deliveries caused by a supplier quality issue with regard to the second-row seats.

Air and Gravity are the only two Lucid vehicles currently under production. Both are higher-end vehicles, with a starting price of over $70,000. The company, however, is looking to launch cheaper vehicles based on its midsize platform later this year. The first model, named Cosmos, is expected to be priced below $50,000, to compete with Tesla’s best selling Model Y SUV.

How Did Retail Traders React?

On Stocktwits, retail sentiment around LCID stock stayed within the ‘bearish’ territory over the past 24 hours, while message volume increased from ‘normal’ to ‘high’ levels.

A Stocktwits user highlighted that LCID stock closed down, while shares of Chinese EV makers including Nio and XPeng rallied on Friday.

Another user, however, expressed hopes for the shares rallying in time.

LCID stock is down about 66% over the past 12 months. 

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