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Lucid Motors ekes out a new delivery record as it searches for more EV buyers
The Saudi-backed, California-based startup narrowly topped its previous record set all the way back in the fourth quarter of 2022.
The company is still months away from starting production on its upcoming Gravity SUV, so it is banking on discounts, increased marketing efforts, and a more affordable trim of the Air to sustain things until it can ship that new model. These companies are trying to establish themselves in a rapidly changing market, where Tesla has consistently slashed prices and large automakers have scaled back their most ambitious plans to release all-electric vehicles en masse. While Lucid set a new high mark for itself in the first quarter, it did not say how many of the deliveries were of the most-affordable version of the Air sedan, which it started shipping late last year.
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