Lucid Motors Hits Record Deliveries in Q3 Amid EV Market Surge
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Lucid Motors delivered a record 4,078 vehicles in Q3 2025 — its seventh consecutive quarter of growth — fueled by rising Gravity SUV demand and customers rushing to use the expiring federal EV tax credit.
The Saudi-backed EV maker, still far from its ambitious 2021 SPAC projections, joins a strong quarter across the EV sector: Tesla, Ford, GM, and Rivian all reported increased deliveries.
While Lucid’s tax credit eligibility was limited to leased vehicles, analysts say the company’s steady sales growth reflects renewed consumer interest in luxury EVs.
Full financial results are expected on November 5, when investors will look for signs of sustainable momentum beyond the tax incentive boost.