Lucid Motors Sets Third Straight Quarterly Sales Record with 2,781 Vehicles Ahead of Gravity SUV Launch

Oct 7, 2024, 01:20 PM

Lucid Motors has set its third straight quarterly sales record ahead of the launch of its Gravity SUV. In the third quarter of 2024, Lucid produced 1,805 vehicles and delivered 2,781 vehicles, exceeding quarterly deliveries estimate. Approximately 8% of these deliveries were subject to operating lease accounting. The company attributes this success to price discounts and financing options that have boosted demand. Lucid has now sold more electric vehicles (EVs) this year than in all of last year, with three months still remaining in 2024. The company will release its third-quarter financial results on November 7 at 5:30 PM ET.