Lucid shares fall 7.41% to $4.87 as proposed auto tariffs weigh on EV sentiment

Lucid Group Inc. shares fell 7.41% to $4.87 on Wednesday, according to Benzinga Pro data, after falling 5.99% to $5.18 on Monday, as proposed 50% tariffs on foreign auto imports weighed on EV and growth-stock sentiment. The proposals, including plans announced by President Donald Trump for 50% tariffs on Canadian auto imports beginning in 2027, raised concerns about the cost of imported battery materials, specialized sub-assemblies and other international components. Although Lucid manufactures vehicles domestically in Arizona, higher input costs could pressure margins and delay positive gross profitability. Investor caution was compounded by second-quarter revenue of $405.35 million, a net loss exceeding $1 billion, a $1.4 billion cash-saving plan led by consulting firm AlixPartners, and a delay of the midsize Cosmos crossover from late 2026 until at least 2027. Lucid has continued its European retail expansion through Munsterhuis Autobedrijven in the Netherlands, while investors monitor robotaxi testing, its $3 billion liquidity runway into 2027, the AMP-2 manufacturing ramp-up in Saudi Arabia and the upcoming midsize vehicle platform.

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