Lucid Motors sets record as Gravity sales pick up and tax credit expires

Lucid Motors provides a record 4,078 vehicles in the third quarter, probably more gravity SUVs encouraged to hit the streets and encouraged the expired federal EV Tax Credit.

Saudi-owned luxury EV startup is still there Stopped the estimates used To go universal in 2021 – a transaction that has forged $ 4 billion. However, Lucid Motors has been seen climbing continuously for the past two years. Third quarter distribution statistics Announcement on Monday Lucid Motors has seen the sale increase in the seventh quarter to mark that.

Lucid Motors was not alone in seeing a large third-quarter bump at EV sales. Tesla has recorded it The best quarter in the history of companyAnd the inheritance automackers like Ford and General Motors also grew bigger. Even Rivian, which forecasts the worst year of the overall year for the total EV supply than 2024 or 2023, the karat An enthusiasm in the third quarterThe

Like the revions, only customers who have leased Lucid Motors Vehicles were eligible for Federal EV Tax Credit, which means it is hard to determine its expiration effect. It is also unclear how many gravity SUVs were supplied compared to the company’s first model, Air Cedan. Lucid Motors will reveal complete financial results for the quarter of November 5th.

Lucid Motors has fought to create interest for his luxury EVs since its publicity in 2021, former CEO Peter Raulinson has publicly acknowledged that the company has to conduct its marketing activities. Earlier this year, the company announced it Sign Timothy Chanamet Its first to be “Global Ambassador”. The company has also benefited Some quarters lease rent and company leaseSuch as TechCrunch has previously reported.

Lucid Motors also looks at Saudi Arabia, which is about 60% of public-owned companies owner’s vehicle market through its sovereign asset fund. Lucid Motors said on Monday that it made more than a thousand cars, especially for the Saudi market. (The company currently operates a rally at Kingdom and planned to open a full factory there.)

Lucid is a potential customer: Uber also locked future demand.

Uber announced last month Plan In the next six years, buy at least 20,000 gravity SUVs and use them as robotaxis on their network. For this agreement, Lucid Motors will work to integrate Nuro technology into vehicles.