May 6 (Reuters) - Lucid stuck to its 2025

production forecast on Tuesday despite the threat of tariffs

forcing many automakers to pull back targets, while the luxury

electric-vehicle maker reported first-quarter revenue below

analysts' expectations.

Demand for pure battery cars in the U.S. has been slowing as

consumers, hit with high interest rates and recession worries,

gravitate toward cheaper hybrids.

Lucid lowered the prices of its vehicles and offered

incentives, including cheaper financing, to entice customers to

its Air sedans that start at about $70,000 in the U.S.

The company said it would produce nearly 20,000 vehicles

this year, while Wall Street expects it to manufacture 18,370,

according to an average of five analysts by Visible Alpha.

Revenue for the quarter ended March 31 was $235 million,

compared with analysts' average estimate of $248.9 million, data

compiled by LSEG showed.

Lucid, which has been focusing on cutting costs, posted an

adjusted net loss per share of 20 cents, narrower than the

27-cent loss a year ago.

The company is gearing up to expand its product line with a

mid-size car expected to roll out next year, targeting a $50,000

price point, aiming to broaden its customer base and strengthen

its position in the competitive EV sector.

Success of Lucid's recently launched Gravity SUV, along with

the midsize, is seen as crucial to its long-term outlook, as the

company burns through cash ramping up production.

U.S. automakers are grappling with tariffs imposed by

President Donald Trump on vehicle and auto parts imports. The

tariffs are expected to disrupt supply chains and raise prices

of automobiles.

Automakers, including Tesla, have said they were

reassessing their full-year targets in the face of tariff

uncertainty.

Last week, Trump signed two orders to soften the blow of his

auto tariffs, with a mix of credits and relief from other levies

on materials.

While Lucid makes all its vehicles in the U.S., it imports

many of its parts from abroad.