Aug 5 (Reuters) - Lucid lowered its annual

production forecast and missed Wall Street estimates for

quarterly revenue on Tuesday, at a time when U.S. trade tensions

have cast a dark cloud over some automakers as consumers rein in

big spending budgets.

Despite seeing a rise in deliveries for its luxury electric

vehicles, Lucid is navigating an uncertain time for the industry

as U.S. import tariffs threaten to upend supply chains and raise

the costs of vehicles by thousands of dollars.

The company has been aggressively striking deals with North

American companies in order to domestically source critical

minerals used in EV manufacturing amid a push by the Trump

administration to reshore production and strengthen American

manufacturing.

Lucid's fortunes rely heavily on the success of its newly

launched Gravity SUV and the upcoming mid-size car, which

targets a $50,000 price point, as the company looks to expand

its consumer base.

Competition in the U.S. EV market is also stiff, with

industry giant Tesla pushing sales of its revamped

Model Y, and Rivian marketing its refreshed versions of

the R1T truck and R1S SUV.

Lucid now expects to make between 18,000 and 20,000 vehicles

this year, compared to its previous forecast of 20,000 vehicles.

In order to diversify revenue streams, Lucid signed a deal

with Uber ( UBER ) last month, whereby over six years, starting

in 2026, the ride-hailing platform will acquire and deploy over

20,000 Lucid Gravity SUVs that will be equipped with autonomous

vehicle technology from startup Nuro.

As part of the deal, Uber ( UBER ) will invest $300 million in Lucid

as the firms look to establish a foothold in the robotaxi

market.

Lucid reported revenue of $259.4 million in the second

quarter, missing estimates of $279.9 million, according to data

compiled by LSEG.

On an adjusted basis, the company lost 24 cents per share,

compared with estimates of a loss of 21 cents per share.