New York, Jan 5, 2026, 17:04 EST — After-hours
- Lucid shares rose in after-hours trading after the EV maker reported Q4 production and deliveries.
- Output surged faster than customer deliveries, keeping inventory and cash burn in focus.
- Lucid set Feb. 24 for its fourth-quarter results and conference call.
Lucid Group shares rose 4.7% to $11.69 in after-hours trading on Monday after the luxury electric-vehicle maker posted a fourth-quarter delivery increase and a sharp jump in production.
The update matters because U.S. EV demand has cooled since a $7,500 federal tax credit for buyers expired in September, forcing automakers to lean harder on pricing and promotions to move higher-priced models.
Lucid has tried to broaden appeal with its lower-priced Gravity Touring SUV, launched in November at $79,900, while sweetening offers on its Air sedans. Still, the company’s factory output expanded far faster than vehicles handed over to customers, a mismatch that can signal rising inventory and strain on cash, even as quarterly deliveries edged past Visible Alpha’s consensus estimate. 1
Lucid said it produced 8,412 vehicles in the quarter and delivered 5,345. For 2025, it reported production of 18,378 vehicles and deliveries of 15,841, and said it would publish fourth-quarter results on Tuesday, Feb. 24, followed by a conference call at 5:30 p.m. ET. 2
Deliveries are vehicles handed over to customers, while production counts vehicles built at the factory. Investors watch the gap because a widening spread can translate into more inventory sitting on lots and more cash tied up before a sale.
Lucid’s Nick Twork said in a LinkedIn post the company was “steadily improving execution while scaling” and said management would provide more detail on the Feb. 24 update. 3
For traders, the near-term question is whether Gravity demand can keep absorbing the production ramp without deeper discounting. The earnings call should also sharpen the market’s view on margins, cash burn and any shift in delivery cadence early in 2026.
But the downside case is straightforward: if deliveries keep lagging output, Lucid may need heavier incentives to clear inventory, which can squeeze margins and intensify funding concerns in a higher-rate environment.
The next test comes Feb. 24, when Lucid reports fourth-quarter results after the close and investors look for 2026 targets and more color on Gravity rollout momentum.
