Slow-Motion Car Wreck Lucid Group (NASDAQ:LCID) released its second quarter earnings report yesterday, and the results left investors reeling. The luxury electric vehicle (EV) maker reported revenue of $259.

Lucid now expects to manufacture 18,000 to 20,000 vehicles, down from a previously higher target. That revision overshadowed what should have been a celebratory moment: a new all-time high in vehicle deliveries.

Investors are also concerned that the company lowered 2025 production volume expectations. Despite the sore spots in the financial results, Lucid had positive news to report as well. Luxury electric car (EV) maker Lucid (NASDAQ: LCID) reported second-quarter 2025 financial results yesterday after the market closed,

Lucid Group Inc. (NASDAQ: LCID) stock is down 28% to $2.18, while the S&P 500 is 8% higher. It is a penny stock, which is a stock with a price under $5. In five years, its market cap has dropped almost 80% to $6.