Lucid Group, Inc. (LCID) Income Tax Expense
The tax expense for Lucid Group, Inc. (LCID) is $-2.33 Million with a year-over-year change of -294.58%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
LCID Tax Expense Chart
Current Tax Expense
$-2.33M
$-2.33 Million
Year-over-Year Change
-294.58%
vs. $1.20M prior year
Historical Data
7
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $-2.33M | $-3.53M | -294.58% |
| 2024 | $1.20M | +$173,000 | +16.86% |
| 2023 | $1.03M | +$647,000 | +170.71% |
| 2022 | $379,000 | +$330,000 | +673.47% |
| 2021 | $49,000 | +$237,000 | +126.06% |
| 2020 | $-188,000 | $-211,000 | -917.39% |
| 2019 | $23,000 | — | — |
About Lucid Group, Inc.
Operating at the intersection of technology and the automotive industry, Lucid Group, Inc. specializes in the development of electric vehicle (EV) technologies. The company is responsible for the complete cycle of designing, engineering, and manufacturing electric vehicles, including their vital powertrain and battery systems. By the end of 2021, Lucid had expanded its physical presence to twenty retail studios across the United States. The company was founded in 2007 and is headquartered in Newark, California.
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- CEO
- Marc Winterhoff