Lucid Group, Inc. (LCID)

Lucid Group's stock (LCID) has experienced volatility and a downward trend over the past six months. A 1-for-10 reverse stock split was enacted in late August 2025 to increase the stock price, but the stock dropped another 49% since the split. In Q2 2025, Lucid produced 3,863 vehicles and delivered 3,309. In Q3 2025, Lucid reported a net loss of approximately $978.43 million and stated it had enough cash to fund its business only through the first half of 2027. In January 2026, Lucid's stock price surged following news of integrating Rockwell Automation's software in its Saudi Arabia plant, but was still down 2% from its 2026 peak and 60% over the last year as of January 24, 2026. On February 6, 2026, LCID shares jumped 13% as the broader market rebounded, but as of February 6, 2026, Lucid was down 2.9% year-to-date and trading 68.9% below its 52-week high from February 2025.

Explicit information regarding the demand seasonality for Lucid Group, Inc.'s products and services was not found in the provided search results. The luxury EV market, in which Lucid operates, may experience general automotive industry trends, but specific seasonal patterns for Lucid's sales or production were not detailed.

Lucid Group, Inc. is an American automotive and technology company specializing in luxury electric vehicles (EVs). Their flagship product is the Lucid Air luxury electric sedan, and they began production of the Lucid Gravity SUV in December 2024. Lucid also develops and supplies advanced EV powertrain systems, electric motors, and battery systems to other automakers, and offers charging solutions and software-enabled services.

Lucid Group's headquarters are in Newark, California, and its primary manufacturing facility (AMP-1) is in Casa Grande, Arizona. They are expanding internationally with AMP-2 in Saudi Arabia, which opened in September 2023 and is planned to produce 150,000 vehicles per year. The Saudi Arabian government has committed to purchasing at least 50,000 and potentially up to 100,000 Lucid EVs over a decade. Lucid's operations span North America, Europe, and the Middle East, with 824 locations in the United States as of December 26, 2025, with California having the most at 251 locations.

Lucid Motors has cultivated a brand reputation for producing luxury electric vehicles with award-winning technology, industry-leading range, high performance, and sublime comfort. The Lucid Air sedan has received praise for its technology and design, with the Lucid Air Pure being named to Car and Driver's 10Best list for the third straight year. The Lucid Gravity SUV has also garnered positive reviews. However, the company's reputation has faced challenges due to struggles with sales expectations and significant financial losses. Production challenges and supply-chain disruptions have also impacted the company's ability to scale. In early November 2025, the former Senior Vice President of Product and Chief Engineer, Eric Bach, sold approximately $3.97 million worth of company stock after his departure, which could be perceived negatively. Additionally, Lucid quietly delayed the first Gravity deliveries in Europe, missing its January 2026 timeline. However, a recent software update for the Gravity SUV was reported to address 90-95% of issues, which could positively impact customer satisfaction.

Lucid Group's ownership is anchored by Saudi Arabia's Public Investment Fund (PIF), which held 57.6% of shares as of August 30, 2025, and 54.63% as of November 24, 2025. Other major institutional owners include Vanguard (3.6% as of August 30, 2025 and 3.72% as of December 30, 2025), BlackRock (1.5% as of August 30, 2025 and 1.74% as of December 30, 2025), UBS Financial Services (1.4%), D. E. Shaw (0.9%), Geode Capital (0.7%), State Street (0.7%), and Dimensional Fund Advisors (0.6%). Other notable institutional holders include Uber Technologies, Inc., Millennium Management LLC, Bank of America Corporation, Marshall Wace LLP, and State Street Global Advisors, Inc.