Lucid Posts Record Deliveries As Gravity SUV Ramps Up

"Lucid Motors delivered a record 4,078 in the third quarter. It wasn't alone. EV makers like Ford, Tesla, and General Motors had blowout quarters as Americans raced to claim the $7,500 EV tax credit before it expired. Lucid's second model, the Gravity SUV, is also becoming more of a factor and likely boosted the quarter's numbers. Lucid Motors delivered 4,078 vehicles in the third quarter, notching its seventh straight quarterly record as the expiration of EV tax credits juiced vehicle sales across the industry."

"Deliveries grew 23% over Q2 and 46% year-over-year. But with 10,496 vehicles delivered so far in 2025, Lucid is still small potatoes in the auto world. It has struggled to drum up sales of the Air luxury sedan, which launched in 2021. And it doesn't have nearly the manufacturing scale it needs to even think about turning a profit. The Gravity SUV could change that."

"Lucid executives have said the three-row SUV represents six times the total addressable market of the Air. And that tracks. Sedans are a dying breed, while pickups and SUVs have never been hotter. Lucid is pulling out all the stops to get the Gravity on the map, including an ad campaign featuring Timothee Chalamet. But production has been far from smooth sailing since the first customer units rolled off of Lucid's production line in Arizona late last year."

Lucid Motors posted a Q3 record of 4,078 vehicle deliveries, its seventh straight quarterly record, as a $7,500 EV tax credit deadline boosted industry demand. Deliveries rose 23% from Q2 and 46% year-over-year, with 10,496 vehicles delivered so far in 2025. The Gravity three-row SUV has begun to ramp and targets a market roughly six times larger than the Air sedan, potentially expanding sales. Production has faced supply-chain obstacles, including a shortage of Chinese permanent magnets, and Lucid still lacks the manufacturing scale needed to achieve profitability.

Read at insideevs.com