Lucid Set to Report Q3 Earnings -- Traders Brace for Massive Double-Digit Move

Lucid Group LCID is set to report third-quarter results Today after the close, with options pricing implying an about 13% swing after the print.

Traders are braced for wide moves as Lucid tries to show progress on production and deliveries after a string of misses. Wall Street forecasts a Q3 loss of $2.30 a share and revenue near $370.6 million.

The company faces persistent challenges: soft EV demand, high cash burn and a need to scale manufacturing while improving margins. Investors will watch updates on Gravity SUV timing and whether unit economics are improving.

On Oct. 28 Lucid struck a technology deal with Nvidia (NVDA) to bring Level 4 autonomous capability to upcoming models, Level 4 means the car can drive itself in limited areas or conditions without human intervention, with a midsize platform launch planned for late 2026.

Analysts are split. Cantor Fitzgerald's Andres Sheppard lifted his price target to $26 from $20 and kept a Neutral rating after meetings with interim CEO Marc Winterhoff and CFO Taoufiq Boussaid. CFRA's Garrett Nelson cut his rating to Strong Sell with a $10 target after weak production and delivery results.