On August 5, Lucid Group Inc fell 11.57% in regular trading, trading at $7.10/share, with turnover of $9.77 million.

On the news front, Lucid reported Q2 adjusted loss per share of $2.78, significantly wider than the market consensus of $2.36. Revenue came in at $405.3 million, up 56% year-over-year and beating the $381.6 million estimate, but net loss nearly doubled to over $1 billion from $539 million a year earlier.

The company simultaneously announced an operational reset involving management restructuring and cost reductions. The CEO confirmed that the highly anticipated mid-size platform — viewed as Lucid's key to mass-market penetration — will be delayed from late this year to H2 next year, pushing back the timeline toward scaled profitability. The CEO also stated that full-year production and deliveries are expected to come in below current market consensus, emphasizing the company will not sacrifice cash flow or vehicle economics to pursue volume.

Lucid reported total liquidity of $3 billion at quarter-end. Notably, Lucid remains one of the most-shorted stocks on the Nasdaq.

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