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Lucid reported second-quarter results on Tuesday that beat revenue expectations but losses ran wider than expected, as the struggling luxury EV maker unveiled an "operational reset" aimed at slashing cash burn, and stabilizing a business that recently had to publicly deny it was heading for bankruptcy.
Lucid’s 2026 Europe push now appears to be focused on Belgium, Denmark, France, and Italy.
EV maker publishes Q2 production and delivery figuresLucid Group (NASDAQ:LCID) produced 4,774 vehicles and delivered 3,953 vehicles during the second quarter ended 30 June 2026, according to a company announcement. Alongside its quarterly production update, the electric vehicle manufacturer revealed a broad management restructuring led by Chief Executive Officer Silvio Napoli, designed to simplify the organisation and streamline reporting lines.
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