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Stock impact report

Lucid widley misses earnings expectations, forecasts continued EV growth in 2026 [CNBC]

Lucid Group, Inc. (LCID) 
Company Research Source: CNBC
Lucid Group reported mixed fourth-quarter results Tuesday as the all-electric vehicle maker continues to face challenging market conditions and internal problems. The company widely missed Wall Street's quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also revised its 2025 production results due to internal validation issues, but guided for a significant increase in vehicle production this year. Here's how the company performed in the fourth quarter compared with average estimates compiled by LSEG: Lucid's results come days after the company laid off 12% of its U.S. salaried workforce in an effort to streamline operations and “operate with greater efficiency and deliver on our commitments to gross margin improvement and long term growth,” according to a statement from the company. For 2026, the company announced a vehicle production target of between 25,000 and 27,000 units. That would mark an increase of roughly 40% to 51% compared Show less Read more
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