Shares of Lucid Group are down roughly 10% in midday trading Thursday, slipping to $6.22 from a prior close of $6.91, putting the struggling EV maker's market capitalization at roughly $2.31 billion.
The Tesla Model Y was California's best-selling new vehicle in 2025 for the fourth straight year, despite protests against CEO Elon Musk and a changeover to the Model Y's updated variant that caused a pause in production and deliveries early in the year. Data from the California New Car Dealers Association (CNCDA) showed the Model Y outsold its nearest competitor by more than 50,000 units, according to KRON4. The Model Y recorded 110,120 registrations in California in 2025. The second-best-selling vehicle, the Toyota RAV4, posted 65,604 units, followed by the Toyota Camry at 62,324.