Reported 2 days ago
Lucid Motors reported a record delivery of 4,078 vehicles in Q3, driven by increased Gravity SUV sales and the rush for expiring federal EV tax credits. Despite falling short of its initial public offering targets, the company has seen consistent growth over seven quarters. Notably, other EV makers like Tesla and Ford also reported significant sales increases. Looking forward, Lucid is targeting the Saudi Arabian market with over 1,000 vehicles built for local demand and plans for future sales to Uber for use as robotaxis.
Source: YAHOO