Lucid Motors delivered 3,309 vehicles in the second quarter, a 6% increase from the previous quarter, establishing a new sales record. The company produced 3,863 vehicles during this period, nearly 1,000 more than the prior quarter. However, to meet an annual production goal of 20,000 vehicles, Lucid needs to address a shortfall of nearly 14,000 vehicles. Production of the Gravity SUV commenced in December 2024, though slow due to tariff pressures and quality focus. The customer base is shifting towards general consumers, alleviating demand concerns.
Lucid produced 3,863 vehicles in the second quarter, nearly 1,000 more than it made in the previous period, showing significant production growth despite market challenges.
To meet its annual production goal of 20,000 vehicles, Lucid must ramp up production of the new all-electric Gravity SUV, which began in December 2024.
Winterhoff highlighted a modest supply chain bottleneck impacting timelines but emphasized the importance of quality over speed in production.
Interest in the Gravity model has begun to shift towards the general consumer, indicating a potential change in customer dynamics.
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