What Happened?

Shares of luxury electric car manufacturer Lucid (NASDAQ: LCID) jumped 7.1% in the afternoon session after the company announced a 38% year-over-year increase in second-quarter deliveries, though the figures fell short of analyst expectations. Lucid announced it delivered 3,309 vehicles in the second quarter, a significant jump from the 2,394 vehicles delivered in the same period last year. However, this number missed the consensus estimate of 3,611 vehicles from Wall Street analysts. The company also reported producing 3,863 vehicles during the quarter. For the first half of 2025, Lucid produced 6,075 vehicles and delivered 6,418, indicating it has been selling down previously built inventory. Investors are reacting positively to the strong year-over-year growth, even with the delivery miss. 

The report comes as competitors like Tesla and Rivian posted year-over-year declines in their Q2 deliveries. Lucid is scheduled to report its full second-quarter financial results on August 5, 2025.

Is now the time to buy Lucid? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Lucid’s shares are extremely volatile and have had 58 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Lucid is down 28.5% since the beginning of the year, and at $2.17 per share, it is trading 49.2% below its 52-week high of $4.26 from August 2024. Investors who bought $1,000 worth of Lucid’s shares at the IPO in September 2020 would now be looking at an investment worth $218.91.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.