In other recent news, Lucid Group Inc. reported its first-quarter financial results for 2025, showing an adjusted EBITDA loss of $263.5 million, which was in line with analysts' expectations from Stifel. Despite flat revenues, the company managed to reduce its cash burn to $589.5 million, down from $824.8 million in the previous quarter, aided by increased regulatory credit sales. Lucid has maintained its production target of 20,000 vehicles for the year and continues to focus on its upcoming Gravity SUV and midsize platform, which analysts from Cantor Fitzgerald believe could drive future demand. The company opened a new Studio and Service Center in Rutherford, New Jersey, marking its 43rd location in North America, as part of its strategy to expand its footprint and meet growing demand. Analysts from Cantor Fitzgerald and Stifel have maintained a neutral and hold rating on Lucid stock, respectively, with a price target of $3.00.