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Lucid Group Sees 58% Jump in Q1 Deliveries Amid Challenges

Jun 13, 2025 (1 days ago)
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Lucid Group reported a 58% year-over-year increase in Q1 2025 deliveries, reaching 3,109 vehicles, despite facing challenges with its Gravity SUV launch and revenue shortfalls.

Q1 Delivery Growth

  • Lucid Group delivered 3,109 vehicles in Q1 2025, a 58% increase from the same quarter last year1
  • This growth reflects strong production, with 3,109 vehicles delivered compared to 2,212 produced during the quarter1

Gravity SUV Launch Challenges

  • The company is facing delays in delivering the Gravity SUV due to unresolved safety testing issues2
  • Higher production volumes for the Gravity SUV are not expected until June or July2

Financial Performance and Incentives

  • Lucid's Q1 revenue fell short of Wall Street expectations, raising concerns about its financial trajectory1
  • The company plans to offer incentives, including cheaper financing, to attract customers amid intense EV competition1
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