Lucid Group, Inc. (LCID) shares rallied Monday after the electric vehicle maker delivered some genuinely impressive production numbers. The company built 18,378 vehicles in 2025, which represents a 104% increase over the prior year. That's the kind of growth that gets investors excited, especially in a sector that's been battered lately.
Deliveries told a similar story. Lucid handed over 15,841 vehicles to customers in 2025, a 55% jump from 2024. The fourth quarter showed particularly strong momentum, with production hitting 8,412 vehicles—a 116% surge from Q3. Deliveries in the quarter reached 5,345 cars, up 31% sequentially.
Context Matters
These numbers come after a rough third quarter earnings report back in November 2025. The company posted revenue of $336.58 million, missing analyst expectations of $379.11 million. The adjusted loss of $2.65 per share also disappointed, coming in worse than the $2.27 per share loss analysts had forecast.
During that third quarter, Lucid produced 3,891 vehicles, plus over 1,000 additional units built for final assembly in Saudi Arabia. The company delivered 4,078 vehicles in the period.
Investors will get more details when Lucid discusses its fourth quarter 2025 financial results on February 24, 2026.
Price Action: LCID shares were up 3.50% to $11.54 Monday.
