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Lucid Motors sets third straight quarterly sales record ahead of Gravity SUV launch
Lucid Motors has now officially sold more EVs this year than it did in all of last year, and with three months to go in 2024. The milestone comes after
That’s a third straight record quarter for deliveries, though Lucid is still well below the sales figures it once promised as part of the massive $4 billion reverse merger that made it a public company in 2021. The upward trend in sales is happening at a crucial moment for Lucid, which keeps leaning on its majority owner — Saudi Arabia’s sovereign wealth fund — to inject more cash ahead of the launch of the electric automaker’s Gravity SUV later this year. But the company has been stepping up shipments to Saudi Arabia in recent quarters, where it has a facility that performs final assembly of cars that were mostly-built at its main factory in Arizona.
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