Lucid Motors reported delivering 3,109 automobiles within the first quarter of the 12 months, marking a exceptional 28% progress in comparison with the identical interval final 12 months. A big issue contributing to this improve is the rising variety of dissatisfied Tesla house owners switching to Lucid’s choices.
The Lucid Air stands out as an distinctive electrical automobile, acknowledged for being the longest-range possibility out there right this moment, providing as much as 512 miles on a full cost. Though it offers distinctive consolation, its value ranges from $70,000 to $250,000, making it a premium alternative available in the market.
Regardless of its excessive value, the Lucid Air has performed a pivotal function in serving to the corporate obtain its fifth consecutive document quarter for deliveries. The shift in shopper preferences has been notable, with many Tesla house owners choosing Lucid automobiles. Interim CEO Marc Winterhoff highlighted this development in a current Fox Enterprise interview, stating that not too long ago, 50% of all new orders are from former Tesla drivers.
Whereas Lucid’s first quarter deliveries noticed solely a slight improve of 10 automobiles in comparison with the earlier quarter, any document is important. The corporate manufactured 2,213 automobiles at its facility in Casa Grande, Arizona, with an extra 600 items on their technique to Saudi Arabia for meeting on the firm’s AMP-2 facility. This represents a 28% improve in manufacturing in comparison with the primary quarter of the earlier 12 months.
The extremely anticipated Gravity SUV has but to start deliveries, with demo items anticipated to be accomplished by the tip of April. Lucid did produce a restricted variety of Gravity SUVs final 12 months for workers and associates, however the majority of items delivered in Q1 have been doubtless Air sedans.
With the Gravity, Lucid goals to draw a broader viewers, together with those that will not be desirous about a luxurious electrical sedan. Winterhoff famous that over 75% of Gravity orders come from people who don’t presently personal a Lucid automobile. The Gravity Grand Touring begins at $94,900, providing as much as 450 miles of vary and seating for seven adults, whereas a extra inexpensive Touring trim is anticipated to launch in late 2025, beginning at $79,900.
### Supply Numbers Overview
| Interval | Models Delivered |
|———–|——————|
| This fall 2022 | 1,932 |
| Q1 2023 | 1,406 |
| Q2 2023 | 1,404 |
| Q3 2023 | 1,457 |
| This fall 2023 | 1,734 |
| Q1 2024 | 1,967 |
| Q2 2024 | 2,394 |
| Q3 2024 | 2,781 |
| This fall 2024 | 3,099 |
| Q1 2025 | 3,109 |
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