7/3/25

Lucid delivered 38% more vehicles in Q2, shares go into higher gear

Luxury EV maker Lucid is on the rise during Thursday’s shortened trading session. The company reported its second-quarter delivery and production numbers after the bell on Wednesday, and investors seem to approve: shares are up more than 8%.

Lucid delivered 3,309 vehicles on the quarter, up 38% from the same period last year and up about 6% from the first quarter. That’s good enough for a sixth consecutive quarterly deliveries record. In the quarter, Lucid ramped up production of its new Gravity SUV.

In the first half, Lucid’s growth looks a lot better than rival Rivian’s. The latter posted a 23% year-over-year delivery decline in the second quarter, following a 36% drop in the first quarter. Still, Rivian is selling about 3x the number of vehicles Lucid is.

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The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

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Healthcare is expected to remain the engine of America’s job market through 2034

Not everyone is as sure as the BLS about the industry’s prospects.

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Corporate breakups and spinoffs are back on Wall Street — but are investors up for the ride?

Spin offs among S&P 500 companies are running at their fastest pace since 2016.

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Volkswagen is reportedly closing in on its own, separate tariff deal with the US

In a bid to get its own tariff rate below the 15% applied to most EU exports, Volkswagen is dangling big US investments.

Speaking at a trade show Monday, VW CEO Oliver Blume said the automaker is in advanced talks on a deal to limit its own tariff burden. Volkswagen reported a tariff cost of $1.5 billion in the first half of the year.

Speaking to Bloomberg TV, Blume said the company is in close contact with the Trump administration and has had “good talks” about its separate deal. The current 15% tariff rate on EU vehicles would still “be a burden for Volkswagen,” Blume said.

A company reaching a tariff deal separate from its home country isn’t typical, though there’s already precedent this year, with Apple’s $100 billion US investment deal amid chip tariffs and President Trump’s threats to add a levy to smartphones. Nvidia and AMD similarly struck a deal to receive the ability to sell chips in China and in exchange agreed to give the US 15% of the revenue from those sales.

15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says

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Lululemon sales are being squeezed — but it’s hoping sports sponsorships will save its skin

The athleisure brand is now looking to real-life athletes to rescue its flagging US sales from the end of de minimis.

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