Lucid Motors delivered a record 4,078 vehicles in the third quarter of 2025, marking its seventh consecutive quarter of growth as the luxury EV maker continues its gradual climb toward stability.
The surge in deliveries appears to be driven by two key factors: the growing availability of the new Gravity SUV and a rush of customers taking advantage of the expiring U.S. federal EV tax credit.
While Lucid’s numbers remain far below the projections it made during its 2021 public listing, the company has shown steady momentum. The latest figures underscore continued interest in its vehicles despite past struggles with brand awareness and production scaling.
Lucid joins a broader industry upswing, Tesla, Ford, General Motors, and Rivian all reported strong third-quarter results. For Lucid, however, only leased vehicles qualified for the federal EV tax credit, making the exact impact of the incentive difficult to measure. The company will release its full financial results on November 5.
In recent years, Lucid has faced sluggish demand for its luxury EVs, prompting efforts to expand its market appeal. Former CEO Peter Rawlinson admitted the company needed stronger marketing, leading to initiatives such as the appointment of actor Timothée Chalamet as Lucid’s first global brand ambassador.
The company has also leaned on rental and corporate fleet sales to boost numbers and is deepening ties with Saudi Arabia, which owns about 60% of Lucid through its sovereign wealth fund. The automaker said it built over 1,000 vehicles for the Saudi market this quarter, where it operates an assembly facility and plans to open a full-scale manufacturing plant.
Looking ahead, Lucid’s partnership with Uber could provide a significant boost. The ride-hailing giant recently announced plans to purchase at least 20,000 Gravity SUVs over the next six years for use as robotaxis, powered by Nuro’s autonomous driving technology.
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Together, these moves suggest that while Lucid is still finding its footing, its record deliveries, international expansion, and strategic partnerships signal a company intent on staying in the EV race.
