Lucid Q1 Earnings Preview: Lower-Priced Vehicles, Tariff Concerns, Market Share Gains From Tesla, Top Items To Watch

Lucid Group LCID could highlight the launch of a lower-priced Lucid Gravity vehicle and share how tariffs impact the company when the electric vehicle company reports first-quarter financial results after the market closes on Tuesday.

Here is a look at analyst earnings estimates and key items to watch.

Earnings Estimates: Analysts expect Lucid to report first-quarter revenue of $250.0 million, up from $172.7 million in last year's first quarter, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in four straight quarters, beating estimates in only those four quarters out of the last ten quarters overall.

Analysts expect Lucid to report a loss of 23 cents per share in the quarter, an improvement from 30 cents per share in last year's first quarter.

The company has beaten analyst estimates for earnings per share in two straight quarters and four of the last 10 quarters.

Key Items to Watch: Lucid previously reported first-quarter deliveries of 3,199 vehicles, a company record and up 58% year over year.

The first quarter’s delivery momentum continued a strong 2024, which saw the company post four consecutive quarters of record deliveries.

The company’s guidance calls for the production of 20,000 vehicles in 2025. Analysts and investors will be looking to see if this guidance remains in place and if the company shares details on delivery guidance for 2025.

Lucid recently unveiled the 2026 Lucid Gravity SUV, a three-row electric vehicle that could better compete with Tesla Inc TSLA and other EV SUV makers. The new version starts at $94,900 with a lower-priced model expected to start at $79,900 and hit the market later this year.

Investors and analysts will be looking for more commentary on the impact of tariffs on Lucid. Interim CEO Marc Winterhoff previously said the company will be affected by tariffs and is taking steps to lower the impact.

While tariffs could be negative for Lucid, one positive that could get traction in the earnings report and commentary is potential market share gains from rival Tesla.

Winteroff previously said that Lucid was seeing a sharp increase in orders for vehicles from former Tesla owners, which comes as some have grown tired of CEO Elon Musk's push into politics. Tesla vehicles have also been the subject of increased vandalism.

LCID Price Action: Lucid stock is down 5.75 to $2.38 on Monday versus a 52-week trading range of $1.93 to $4.43. Lucid stock is down 21.3% year-to-date in 2025.

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