The Lucid show is seen on the New York Worldwide Auto Present on April 16, 2025.
Danielle DeVries | CNBC
NEW YORK — Lucid Group expects to be money circulate constructive late this decade because it plans to develop its automobile lineup and considerably enhance its software program and expertise choices, the all-electric automobile maker introduced Thursday throughout its first investor day in practically 5 years as a public firm.
The EV firm goals to perform constructive money circulate era by market growth into midsize automobiles and robotaxis, in addition to worldwide growth in markets comparable to Europe and Saudi Arabia. It additionally expects to realize effectivity positive aspects and software program income progress with the introduction of improved superior driver help techniques and a brand new Lucid synthetic intelligence assistant, executives informed dozens of traders and Wall Road analysts on Thursday.
Shares of Lucid have been off roughly 6% to eight% throughout a lot of the occasion regardless of the corporate giving its most detailed product and growth plans up to now, highlighting the robust market circumstances for EV firms.
Lucid’s money circulate goal is difficult given the automaker’s present efficiency and waning demand for EVs within the U.S. Whereas Lucid has been in a position to enhance gross sales and slender losses, the corporate misplaced $2.7 billion on income of $1.35 billion in 2025. It had unfavourable free money circulate of $3.8 billion in 2025, a loss that was roughly 31% bigger than a 12 months earlier.
Lucid interim CEO Marc Winterhoff — who unexpectedly took over for firm founder Peter Rawlinson final 12 months — stated the corporate’s “north star” is “accelerating to profitability,” reiterating the investor occasion’s theme. He and different executives declined to reveal an actual 12 months the corporate goals to be money circulate constructive.
The automaker has been making an attempt to extend investor curiosity within the firm because it prepares to launch a brand new midsize automobile on the finish of this 12 months. Its largest shareholder, Saudi Arabia’s Public Funding Fund, has additionally modified its funding technique within the firm from capital funding to revolving credit score.
Robotaxi, autonomy plans
Lucid on March 12, 2026 previewed plans for a brand new two-seat rbotaxi that the corporate is creating off its upcoming midsize electrical automobile platform.
Michael Wayland / CNBC
Lucid on Thursday stated it expects to realize roughly $1 billion in annual incremental, non-vehicle income by providers comparable to recurring software program subscriptions by later this decade. It additionally previewed plans for a two-seat robotaxi, together with a design idea automobile, but it surely didn’t specify a timeframe for the automobile.
Firm executives spent a major quantity of the occasion discussing Lucid’s upcoming driving applied sciences, together with robotaxis, and plans to launch a subscription service by early 2027 that can vary from $69 to $199 a month, based mostly on capabilities.
“Autonomy performs an outdoor function in the way forward for Lucid,” stated Kay Stepper, Lucid vice chairman of superior driving techniques, including that the corporate plans to supply automobiles able to driving themselves below sure circumstances by 2029.
Winterhoff and Uber President and Chief Working Officer Andrew Macdonald on Thursday introduced they’re planning to broaden a beforehand introduced tie-up for robotaxis to incorporate upcoming midsize automobiles.
Growth into midsize and autonomy is predicted to considerably enhance Lucid’s whole addressable market, or TAM, from $40 billion for its present Air sedan and Gravity SUV to $700 billion, executives stated Thursday.
Winterhoff stated he sees the corporate’s autonomy applied sciences primarily rising to match Tesla’s present FSD by subsequent 12 months.
Midsize automobiles
Lucid on Thursday stated it plans to provide three midsize automobiles, beginning with a automobile referred to as Cosmos this 12 months, adopted by a mannequin referred to as Earth and an unnamed automobile throughout an unspecified time-frame.
“We expect these three distinctive merchandise will give us most alternative to hit the widest viewers attainable. And that viewers is the place we’re right now, but it surely’s a unique viewers than our present market,” stated Derek Jenkins, Lucid senior vice chairman of design and model.
A Lucid-supplied teaser picture of its upcoming midsize automobile behind its present Gravity SUV.
Lucid
The three midsize automobiles are focused at upscale patrons, youthful “trendsetting achievers” and out of doors fans, Jenkins stated. The final could be a direct competitor to fellow EV competitor Rivian Automotive, which is predicted to launch a brand new R2 midsize automobile this spring, starting with a roughly $58,000 model of the automobile.
Lucid has stated its midsize automobile is predicted to start at roughly $50,000. That might place it consistent with the typical transaction costs of latest automobiles within the U.S. in addition to entry-level fashions of Rivian’s R2.
Each Rivian and Lucid try to reassure traders that they can’t solely compete in a troubled EV market however thrive by the growth of latest automobiles and applied sciences to higher compete towards U.S. EV chief Tesla. Lucid stated its new midsize EV platform will probably be class-leading in effectivity, one thing the corporate has strived to do with all its automobiles.
Each have touted having sufficient capital to get them by near-term initiatives however their long-term viability remains to be a serious query for traders.
Lucid has stated its whole liquidity of $5.5 billion, together with a roughly $2 billion delayed draw time period mortgage credit score facility from Saudi’s PIF, is sufficient to get by the primary half of 2027.
Rivian ended the fourth quarter with $6.59 billion in whole liquidity, together with practically $6.1 billion in money, money equivalents and short-term investments, as the corporate makes an attempt to ramp up manufacturing this 12 months of its midsize automobile and new autonomy applied sciences.
