That overshadowed Lucid's big production guidance for 2025, and the stock plunged this week -- it was trading 27% lower through Friday noon, according to data provided by S&P Global Market Intelligence.

Lucid is still struggling to scale up its business, but it had $5.16 billion in liquidity at the end of the third quarter of 2024. It also raised another $1.75 billion in a stock offering last October, and it expects to have a "sufficient financial runway into the ramp of the Lucid Gravity and well into 2026."

The start-up expects to make about 20,000 electric vehicles in 2025. Wall Street was looking for closer to 17,000.

Electric vehicle maker Lucid (NASDAQ:LCID) is set to post its fourth quarter earnings on Tuesday, after the closing bell. Wall Street expects the Newark, California-based company to post EPS of -$0.29,