Lucid reported earnings that widely missed expectations but projected continued growth in EV production for 2026, targeting 25,000 to 27,000 units.

An article outlines what to expect from Lucid's upcoming fourth-quarter earnings report, providing insights into the company's financial performance.

Marques Brownlee, a well-followed YouTuber and tech reviewer, said he is no longer in contact with Tesla. Chance Yeh/Getty Images for HubSpot Marques Brownlee, the YouTuber known as MKBHD, said he is no longer in contact with Tesla. He said he had to source a car from a local dealership for his latest review. He reviewed the company's latest Model Y Performance, which hit dealerships in September. Social media's most influential tech reviewer said Tesla keeps leaving him on read. Marques Brownlee — better known as MKBHD to his 20.8 million YouTube subscribers — said he had to take a trip to a nearby car dealership to source his own Tesla Model Y Performance for a January review. "Tesla stopped talking to me," Brownlee said in a recent TikTok, filmed as he picked up the SUV from New Jersey EV dealer George Saliba. "It's not cause I gave them a negative review." @georgejsaliba Tesla stopped talking to @Marques Brownlee, so he’s borrowing one of ours to review #cardealership #carreview #tesla ♬ original sound - George Saliba Automakers typically offer loan cars to influencers and journalists for weeklong test drives, and Tesla has supplied Brownlee with its vehicles in the past. In 2022, he called the Model S Plaid the "best overall car of the last decade," after a review. The TikTok clip is the latest sign that the relationship has cooled. In 2023, Brownlee spoke out after the Cybertruck's delivery event. The pickup, which Musk initially said would have a 500-mile range and a starting price under $40,000, launched with just over 300 miles of range and a $70,000 sticker. Brownlee said Tesla's reveal was "straight up not delivering" on its promises. He still took delivery of the new car, but sold the Cybertruck after eight months and replaced it with the Rivian R1T, a rival electric pickup. And in September 20205, Brownlee publicly canceled his $50,000 deposit for two long-awaited Tesla Roadsters. "Tesla has been sitting with my 50 grand for eight years and hasn't done anything with it, obviously," he said on his "Waveform Podcast." Tesla didn't respond to a request for comment from Business Insider. MKBHD's largely positive review Despite the apparent chill in the relationship, Brownlee's latest Tesla review was largely rosy. After spending time with the refreshed Model Y Performance — a dual-motor SUV with about 460 horsepower and a starting price of about $59,130 — Brownlee said Tesla still leads in several key areas. "The thing about testing one and actually driving a Tesla for a while, you start to remember all of the ways that Tesla is still ahead of the competition," he said in the video. He praised the center display as the automotive "gold standard," highlighted improvements to the ride and rear design, and said Tesla's regenerative braking remains best in class. His review wasn't completely glowing. Brownlee said he wants more physical controls and argued that the trim doesn't meaningfully sharpen the steering or overall driving feel in sport mode. He also said Tesla's lead isn't as commanding as it once was, pointing to rising competition from Lucid, Rivian, and General Motors. Brownlee's return to the dealership lot It's not the first time Brownlee has turned to Saliba's lot when a carmaker didn't provide a vehicle. In 2024, he picked up a Fisker Ocean from the same dealership and called it the "worst car I've ever reviewed," setting up a PR firestorm for Fisker. The automaker pushed back on the review, saying he had driven the car just before an expansive software update. Fisker filed for bankruptcy three months later. Read the original article on Business Insider

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Yahoo Finance provides investment advice on top stocks and covers updates from various companies including FuelCell Energy, Energy Vault, ReNew, QuantumScape, Blink Charging, Lucid, Amprius, EVgo, and SunPower.

Lucid launched its latest EV, the Gravity SUV, last year. Josh Lefkowitz/Getty Images EV startup Lucid Motors is cutting 12% of its US employees as demand for electric vehicles plummets. CEO Marc Winterhoff told staff on Friday that the cuts were necessary as Lucid attempts to become profitable. The US is facing an EV winter as sales plummet and manufacturers pull back their electric vehicle plans. Tesla rival Lucid is slashing its workforce as the EV winter tightens its grip. EV startup Lucid is cutting 12% of US employees, according to an email interim CEO Marc Winterhoff sent to unaffected employees on Friday, which Business Insider has seen. Winterhoff said the cuts would exclude hourly production employees in manufacturing, logistics, and quality. "This difficult but necessary decision was made to improve organisational effectiveness and optimize our resources as we continue on our path toward profitability," he wrote. It comes as Lucid faces a difficult environment for EV makers amid an industry-wide downturn, with sales plummeting following the end of the $7,500 tax credit in September. In its most recent earnings report in November, the company reported a net loss of nearly $1 billion. Lucid reports Q4 earnings next week. A Lucid spokesperson told Business Insider the cuts would not impact the company's hourly production workforce in Arizona, adding that the cuts were designed to "streamline" the organisation as it seeks long-term growth and margin improvement. "We are grateful for the contributions of all impacted employees and are providing resources, benefits, and support to assist them through this transition," they said. Read Lucid CEO Marc Winterhoff's full memo: Team; Today I want to share an important business update. We have implemented a 12% reduction of our U.S. workforce, excluding hourly production employees in manufacturing, logistics, and quality. This difficult but necessary decision was made to improve operational effectiveness and optimize our resources as we continue on our path toward profitability. If you are receiving this message, your role is not impacted. We are streamlining our organization so we can operate with greater efficiency and deliver on our commitments to gross margin improvement and long-term growth. We will continue to evaluate our day-to-day work to ensure that our time, energy, and resources remain focused on the initiatives that drive the greatest impact. This disciplined approach to execution is a core operational imperative for Lucid. Importantly, today's actions do not affect our strategy. Our core priorities remain unchanged, and we continue to focus on the start of production of our Midsize platform. With disciplined execution, we are also focused on further expansion into the robotaxi market, continued ADAS and software development, and growth in sales of Lucid Gravity and Air across existing and new geographies. Saying goodbye to colleagues is never easy. We are grateful for the contributions of those impacted by today's actions, and we are providing severance, bonus, continued health benefits, and transition support to help them through this period. As we move through today, I ask everyone to treat one another with empathy, professionalism, and respect, recognizing the personal impact these changes have on our teammates. To sustain and build on progress made in 2025, we must remain focused, operate with discipline, and execute with urgency. I know we are asking a great deal of our team, and I sincerely appreciate your continued commitment, resilience, and professionalism. I will address today's actions and answer questions during Monday's Town Hall. As always, you may presubmit your questions on The Hub. Warm regards, Marc Are you a Lucid employee or former employee with a story to share? Get in touch with this reporter at tcarter@insider.com. Read the original article on Business Insider

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Lucid Group's stock is currently trading near its historical lows, leading investors to question if now is an opportune time to buy shares.

(ANSA) - ROME, FEB 20 - An allegedly pro-Russian Italian journalist has been released after being detained in Turkey Thursday, the Italian foreign ministry confirmed Friday. Andrea Lucidi has reported frequently from Ukraine's Donbass region reflecting the positions of the occupying Russian forces, Reporters Without Borders (RSF) has said. He had been held in Turkey without charge. (ANSA). Read article...

An analysis forecasts the potential trajectory of Lucid (LCID) stock over the next year, offering insights for investors.