Lucid Group (LCID) October 7 2025 Stock Analysis: Gravity SUV Lifts Deliveries to Record High – Will Expiring Tax Credits Stall the Momentum?
Lucid delivered 4,078 vehicles in Q3 2025, a record driven by Gravity SUV demand and a rush before the $7,500 U.S. EV tax credit expired. The company cut its 2025 production guidance to 18,000–20,000 vehicles, prompting shares to drop 8% after a reverse stock split. Over 1,000 vehicles were shipped to Lucid’s Saudi plant for final assembly. Uber agreed to buy at least 20,000 Gravity SUVs with Nuro’s autonomous tech starting in 2026.