EV carmaker Lucid Motors posted its Q4 results on Monday, showing a strong pace of growth in production and delivery figures, as per an official press release. While year-on-year growth is strong, the company still struggles to find a lucrative consumer segment for its vehicles.
For the year 2025, the firm produced 18,378 vehicles and delivered 15,841, up by 108% and 55% respectively when compared to 2024.
The update comes after car company Tesla produced its own preliminary results for Q4
The EV industry now faces a new set of issues, such as higher vehicle costs due to tax credits for the sector being scrapped under the Trump administration.
The firm continues to grapple with issues of profitability and increasing production, although its vehicles have been lauded by reviewers for their quality and luxury-grade features. According to a CNBC report, the sedan models produced by the EV brand are not in demand anymore with the U.S. market preferring other types of vehicles.
Lucid Motors is now developing an SUV model to cater to a new segment of the car market, while also moving ahead with plans of creating a production facility in Saudi Arabia, where it is supported by the country’s Public Investment Fund.
At the time of writing, Lucid Motors shares were trading at a price of $11.70. Since its debut on the NASDAQ via SPAC merger with Churchill Capital Corp IV in 2021, the company’s stock has lost a huge chunk of value, down by 88.32% over a 5-year period.