


Lucid Group reported mixed fourth-quarter results Tuesday as the electric vehicle maker continues to face challenging market conditions and internal struggles.
据CNBC报道,周二,电动汽车制造商Lucid集团公布了喜忧参半的第四季度财报,该公司仍面临严峻的市场环境和内部困境。
The company widely missed Wall Street’s quarterly earnings expectations, while beating average revenue estimates by roughly 12%. It also revised its 2025 production results due to internal validation issues, but guided for a notable increase in vehicle production this year.
该公司的季度盈利水平远低于华尔街预期,但营收较平均预估高出约12%。由于内部验证问题,Lucid还修正了2025年的产量数据,不过预计今年汽车产量将显著增长。
Here’s how the company performed in the fourth quarter compared with average estimates compiled by LSEG:
以下是该公司第四季度财报与LSEG (伦敦证券交易所集团) 汇总的平均预期值的对比:
Loss per share: $3.62 vs. a loss of $2.62 cents expected
每股亏损:实际亏损为3.62美元,预期亏损为2.62美元
Revenue: $523 million vs. $468 million expected
营收:实际为5.23亿美元,预期为4.68亿美元

Lucid’s results come days after the company laid off 12% of its U.S. salaried workforce in an effort to streamline operations and “operate with greater efficiency and deliver on our commitments to gross margin improvement and long term growth,” according to a statement from the company.
在公布财报的几天前,该公司裁减了12%的美国受薪员工。根据Lucid公司的声明,此举旨在简化运营,并"以更高效率运作,履行我们对改善毛利率和实现长期增长的承诺"。
Interim Lucid CEO Marc Winterhoff described the cuts Tuesday to CNBC as a needed realignment of the company’s workforce amid broader market and economic concerns as well as needed gains in efficiency.
周二,Lucid 临时CEO马克·温特霍夫向CNBC表示,此次裁员是公司在更广泛的市场和经济担忧下,以及为提高效率而进行的必要人员调整。
“We are adjusting and going to a level where we think we want to be and need to be,” he said. “But it’s nothing that will continue in the future.”
他说,“我们正在进行调整,达到我们认为所期望且必要的水平,不过不会持续进行。”
For 2026, the company announced a vehicle production target of between 25,000 and 27,000 units. That would mark an increase of roughly 40% to 51% compared with the year-end figures the company released Tuesday.
Lucid宣布,2026 年的汽车产量目标为25,000至27,000辆,将比该公司在周二公布的年终数据增长约40%至51%。
Lucid said the revision for the year — from 18,378 units to 17,840 units — came as “538 vehicles had not completed certain internal procedures required under its final validation process to be classified as produced.”
该公司表示,将全年产量从18,378辆修正为17,840辆,是因为"有538辆汽车未完成最终验证过程中要求的某些内部程序,因此无法认定为已生产"。
The company said the vehicles are expected to be completed this year, with the change not affecting its previously reported financial results.
该公司表示,这些车辆预计将于今年完成生产,这一变化不会影响之前公布的财报。
Winterhoff described the expected growth as “healthy,” but not “outrageous” given the current slowdown in overall vehicle sales, including EVs.
温特霍夫将预期的增长描述为“健康的”,考虑到包括电动汽车在内的整体汽车销售的当前放缓态势,这并不"夸张"。
“Our initial plans were higher, but we wanted to really be conservative and make sure that we are hitting the numbers that we are projecting,” he told CNBC.
他对CNBC表示, “我们最初的计划更高,不过我们希望保持保守,确保能实现预期的目标”。
Lucid is expected to begin production of a new, less expensive midsize vehicle at the end of this year, but Winterhoff said it will not be material to its 2026 production plans. He said the automaker’s Gravity SUV is expected to account for the majority of its production and sales this year, followed by the Air sedan. The company also plans to launch its first Lucid robotaxis with previously announced partners.
Lucid预计将于今年年底开始生产一款全新的、价格更低的中型车。温特霍夫表示,这不会对公司2026年的生产计划产生重大的影响。他表示,预计今年Gravity SUV将占据其产量和销量的大部分,其次是Air轿车。此外,该公司还计划与此前宣布的合作伙伴推出首款Lucid无人驾驶出租车。
Winterhoff said the company’s main priorities this year are achieving its production target, growing sales, continuing efficiency gains and preparing for production of the midsize vehicle and robotaxis.
温特霍夫表示,Lucid今年的主要优先事项是实现生产目标、增加销量、持续提升效率以及为中型车型和无人驾驶出租车的生产做准备。
“We really want to make sure that we [are] on our path to profitability, make sure that we’re not spending money that we don’t have to. That’s very, very important,” he told CNBC.
他对CNBC表示,“我们真心希望确保公司走在盈利的道路上,确保不浪费不必要的资金。这一点至关重要”。
Lucid has yet to say when the company expects to be profitable. It is scheduled to host an investor day on March 12 in New York.
该公司计划于3月12日在纽约举办投资者日活动,不过尚未透露预计何时实现盈利。
Lucid said it ended last year with approximately $4.6 billion in total liquidity, which Lucid CFO Taoufiq Boussaid said was “strong” and would provide flexibility “to execute near-term objectives while investing in future growth.”
Lucid表示,截至去年年底,公司的总流动资金约为46亿美元。该公司首席财务官陶菲克·布萨伊德称其"强劲",并将提供灵活性"以执行近期目标,同时投资于未来的增长"。
Lucid reported a net loss of $2.7 billion in 2025, in line with a $2.71 billion loss a year earlier. That includes more than doubling its year-over-year losses during the fourth quarter to $814 million. It reported a loss of $12.09 per share for the year.
Lucid公布,2025年净亏损为27亿美元,与上年同期的27.1亿美元基本持平。其中,第四季度亏损额同比翻番超过8.14亿美元,该公司全年每股亏损12.09美元。
The company’s 2025 revenue was up 68% to $1.35 billion, including more than doubling year-over-year results during the fourth quarter.
该公司2025年的营收增长68%,达到13.5亿美元,其中第四季度的业绩比上年同期增长了一倍多。


