Lucid Group Reports Solid Q3 Results and Announces Organizational Changes
Lucid Group Inc. announced its third quarter 2025 financial results, reporting production of 3,891 vehicles, an increase of 116% compared to Q3 2024. The company delivered 4,078 vehicles, up 47% year-over-year. Revenue for the quarter reached $336.6 million, representing a 68% increase over the same period in 2024. Lucid also reported that, subsequent to the quarter's end, it reached an agreement with the Public Investment Fund (PIF) to increase its delayed draw term loan credit facility from $750 million to approximately $2.0 billion. With this increase, Lucid's total liquidity at quarter end would have been approximately $5.5 billion, compared to $4.2 billion in actual total liquidity. The loan facility remains undrawn. The company also announced key organizational changes aimed at accelerating growth, streamlining decision-making, and supporting global expansion.
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