Lucid Motors made twice as many EVs in Q4

Lucid Motors has decided to go full speed ahead. Many people doubted that this luxury brand could keep its promises. Building expensive EVs is a tough business, and the first half of 2025 was not easy for the company. Problems with making the new SUV, the Lucid Gravity, meant the company was way behind schedule. To meet its goals for the year, Lucid had to pull off a minor miracle in the final three months. Surprisingly, it did exactly that.

The numbers tell a story of a company that finally found its rhythm. In the last three months of 2025, Lucid built 8,412 vehicles - that is a 116% increase compared to the previous three months. If you look back at the same time in 2024, the production jumped up by 148%. By the time the year ended, Lucid had manufactured a total of 18,378 cars, doubling its production compared to the year before. For a company that only had 9,966 cars built by the end of September, finishing the year with over 18,000 units is a huge relief for investors.

Of course, building cars is only half the battle. You also have to get them into the driveways of customers. Lucid managed to deliver 5,345 vehicles in the final quarter of the year. This was a 73% jump over the previous year. Looking at the entire 2025 calendar year, the company delivered 15,841 electric cars to new owners. This represents a 55% increase from 2024. While these numbers might seem small compared to a name like Tesla, they are very important for a specialized brand trying to find its place in the market.

What makes these results even more interesting is what was happening with the competition. While Lucid was celebrating its best quarter ever, other big players like Tesla and Rivian were reporting fewer deliveries. Even traditional car makers like Ford have started to cancel or delay their big electric car projects.

It seems Lucid is "ramping up" while many others are hitting the brakes. Nick Twork, the head of communications at Lucid, told investors that the company is staying the course. He admitted that it has been a difficult time for people who own the company's stock, but he promised that the team is focused on getting the work done.

Investors have definitely had a bumpy ride. In the middle of December 2025, Lucid's stock price hit its lowest point ever. However, the company has a very deep wallet to help it survive these growing pains. At the end of September, Lucid had about $4.2 billion in cash and assets. Since then, it has made a new deal with the Public Investment Fund of Saudi Arabia. This deal gave Lucid access to more credit, bringing its total liquidity to about $5.5 billion. According to the company, this is enough money to keep the lights on and the factory running until the middle of 2027.

The most exciting news for regular car buyers is what comes next. Right now, Lucid is known for very expensive cars that most people cannot afford. That is about to change. Later this year, the company will start building a new "midsize" platform. This new setup will be the base for at least three different models. One of these will be a midsize SUV with a starting price expected to be around $50,000. This is a big deal because it moves Lucid away from being just a luxury brand and allows it to compete with more affordable EVs.

The company will release its full financial report for 2025 on Tuesday, February 24, 2026. For now, the message is clear: Lucid is still in the race. The company managed to beat its own production targets when everyone expected it to fail - sometimes being the underdog makes the victory taste a little bit sweeter.

Source