With continued growth, Lucid Motors drives on a path towards success.
Lucid Motors features a lineup that, even among the highly innovative and competitive landscape of luxury electric vehicles, boasts bold futurism and novel approaches. As such, the Lucid Air has earned acclaim as a unique luxury electric sedan, and anticipation is building for Lucid’s first SUV model: the Gravity. For the third quarter of 2024, Lucid Motors’ financial results are in, and the successful numbers tell a story of continued growth for the manufacturer.
In the third quarter of 2024, Lucid Motors produced 1,805 vehicles, which puts the manufacturer on track to produce 9,000 vehicles by the end of the year. Its delivery number of 2,781 vehicles for Q3 2024 is more exciting news, as it represents a 90.9-percent increase compared to the same quarter of 2023.
Lucid Motors reports a revenue of $200 million for the third quarter of 2024, and looking forward, production of the highly anticipated Lucid Gravity electric luxury SUV is set to begin very soon before the end of the year. With strong financial results for the third quarter and a new model on the horizon, Lucid Motors is quickly driving towards success in the electric vehicle world.
