- For 2026, the company expects to produce 25,000-27,000 vehicles, compared with the 18,378 produced in 2025.
- Lucid sees Tesla’s decision to halt Model X, S production boosting their own delivery numbers.
- The company also said that its robotaxi vehicles are on track for commercial deployment in the San Francisco Bay Area later this year.
Shares of Lucid Group Inc. (LCID) fell 5% after-hours on Tuesday after the company reported a fourth-quarter (Q4) loss wider than Wall Street expectations.
The company reported a Q4 loss per share of $3.62, higher than an estimated loss of $2.63 per share, according to data from Fiscal AI.
Total revenue for the three months through the end of December, however, came in at $522.73 million, above the $234.47 million reported in the corresponding quarter of 2024, and above an analyst estimate of $459.54 million. This is largely due to an increase in the number of vehicle deliveries, up 72% to 5,345 units in the period.
FY26 Goals
For 2026, the company expects to produce 25,000-27,000 vehicles, compared with the 18,378 produced in 2025.
“In 2026, our focus remains on operational and financial discipline, sustainable growth, and continued progress toward profitability, while we look forward to the production of the first of our Midsize vehicles and the deployment of the first Lucid robotaxis into commercial service with our partners," interim CEO Marc Winterhoff said.
Lucid announced in July that Uber Technologies (UBER) plans to deploy 20,000 or more of its vehicles on the Uber platform as robotaxis. Uber will deploy the Lucid vehicles over six years, equipped with startup Nuro, Inc.’s Level 4 autonomy system, called Nuro Driver, the company said at the time.
On Tuesday, Lucid said that its robotaxi vehicles are on track for commercial deployment in the San Francisco Bay Area later this year. Further, the company is looking to produce the first model based on its midsize platform this year.
Lucid is looking to launch three vehicles on the platform and the first, a midsize crossover, is expected to be priced around $50,000, much below its current offerings which cater to a more premium consumer base.
Tesla Pullback Expected To Boost Lucid Sales
Lucid’s rival Tesla announced last month that it will stop the production of its more premium Model X and Model S vehicles in the second quarter. On Tuesday, a Lucid executive said that they see the decision boosting Lucid delivery numbers.
“...I think we are the natural successor of those two vehicles, and we are certainly seeing an uptick in customer inquiries from Model S and Model X owners, and we are working right now on plans on how to further accelerate that,” they said.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around LCID stock fell from ‘bullish’ to ‘bearish’ territory over the past 24 hours, while message volume rose from ‘high’ to ‘extremely high’ levels.
LCID stock has dropped 64% over the past 12 months.
Read More: Nvidia H200 Chips Have Not Been Shipped To China, US Official Says: Report
For updates and corrections, email newsroom[at]stocktwits[dot]com.