2 weeks ago
20
David Moadel
Thu, April 16, 2026 astatine 11:10 AM CDT 5 min read
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Lucid (LCID) pre-announced Q1 2026 gross of $280M-$284M, missing Wall Street estimates of $433.8M by 35%, with deliveries of conscionable 3,093 vehicles against expectations of 5,237 owed to a 29-day supplier disruption, portion the institution posted a astir $1 cardinal operating loss.
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Uber Technologies (UBER) committed $200 cardinal successful caller concern and agreed to acquisition 35,000 Lucid vehicles for robotaxi service, bringing Uber’s full involvement to $500 million, portion a $550 cardinal convertible concern from Saudi Arabia’s PIF and a $300 cardinal nationalist offering provided $1.05 cardinal successful full capital.
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Lucid’s brutal Q1 execution miss is pulling the banal down 6% contempt a large robotaxi concern with Uber and important superior infusions, arsenic the institution continues to pain currency with antagonistic escaped currency travel of $3.8 cardinal successful 2025 portion spending acold much to physique each conveyance than it generates successful revenue.
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Lucid Group (NASDAQ:LCID) banal is down 6% successful Thursday trading, falling from $8.21 to $7.69 arsenic investors measurement a brutal Q1 gross pre-announcement against a freshly announced robotaxi woody and superior raise. It's a classical tug-of-war betwixt a compelling semipermanent communicative and profoundly uncomfortable near-term numbers.
The banal is present down 27% year-to-date and has shed 67% implicit the past year. From its 2021 highs, LCID banal has mislaid 96% of its value, a staggering diminution that puts today's determination successful sobering context.
The contiguous trigger is Lucid's Q1 2026 gross pre-announcement, which landed acold beneath expectations. Lucid pre-announced Q1 gross of $280 cardinal to $284 million, missing the Wall Street estimation of $433.8 cardinal by a wide margin. That spread reflects a structural execution problem.
READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks
Q1 deliveries came successful astatine 3,093 vehicles against an anticipation of 5,237, with a 29-day disruption caused by a supplier contented with second-row seats cited arsenic a cardinal factor. The Q1 operating nonaccomplishment came successful astatine astir $1 billion, accordant with the signifier from anterior quarters. Lucid has stumbled connected execution before. In Q4 2025, the institution reported a non-GAAP EPS nonaccomplishment of -$3.08 against an estimation of -$2.1567, missing by 43% adjacent arsenic gross beat.
RBC Capital responded by cutting its terms people connected Lucid from $10 to $8, maintaining a "Sector Perform" rating. The broader expert statement sits astatine "Reduce" with an mean terms people of $12.86. There's besides a callback overhang: Lucid recalled 3,627 Air Pure RWD vehicles from exemplary years 2024 to 2026 owed to half-shaft bolts that whitethorn disconnect from the thrust unit, causing a implicit nonaccomplishment of power.
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