Lucid's US Sales Fell in July and Its Stock Is Down 30% This Year— Can Q2 Earnings Change the Narrative?

Lucid Group Inc. (NASDAQ: LCID ) is set to report its earnings following market close on Tuesday. However, falling sales figures, combined with the volatility of the stock, could pose challenges for the EV maker. Lucid’s US Sales Fall According to data from market research firm Motor Intelligence cited by an Electric Vehicles report on Monday, Lucid sold an estimated 860 units in the U.S. during July. The figure represents a 3.4% YoY decline from July 2025 and a 5.7% decline from June 2026, the report said. Read Also: Elon Musk Dismisses Report Tesla Could Sell Chinese Business for SpaceX Merger: 'Absurdly Fake News' Notably, Lucid reported zero sales in four months in the Norwegian market, the report said. Norway remains one of the most popular markets for Battery Electric vehicles, with Norwegian Road Traffic Information Council data showing that EVs accounted for ov...