Lucid Motors sets the record as the sale of gravity collecting and tax credit is going Techcrunch

Lucid Motors yielded a record of 4,078 vehicles in the third quarter, probably stimulated by a combination of more gravity SUVs that rose the road and a stream of customers who benefit from the expiring federal EV tax credit.

The Saudi ownership of luxury EV-startup is still far away from the projections that it used to be public in 2021-a transaction that it yielded $ 4 billion. But Lucid Motors has steadily climbed deliveries for the past two years. The delivery figures in the third quarter Announced on Monday Mark the seventh consecutive quarter that Lucid Motors has seen the turnover.

Lucid Motors was not only in seeing a big shot in the third quarter in EV sales. Tesla registered his best quarter in company history, and legacy car manufacturers such as Ford and General Motors also saw large increases. Even Rivian, which predicts a worse total year for the total EV deliveries than 2024 or 2023, saw a boost in the third quarter.

Just like Rivian, only customers who rented Lucid Motors vehicles were eligible for the federal EV tax credit, which means that the impact of the expiration date is difficult to quantify. It is also unclear how much gravity SUVs were delivered compared to the first model of the company, the Air Sedan. Lucid Motors will unveil full financial results for the quarter on November 5.

Lucid Motors has difficulty generating interest in his luxury EVs since he was made public in 2021, in which former CEO Peter Rawlinson openly admits the company to strengthen his marketing activities. Earlier this year, the company announced it Sign Timothée Chalamet To be the first ‘global ambassador’. In some circles, the company has also benefited from rent sales and business lease, as Techcrunch has previously reported.

The company is also increasingly looking for Saudi Aarabia – which owns around 60% of the listed company through its sovereign power fund – as a market for its vehicles. On Monday, Lucid Motors said it built more than 1,000 vehicles specifically for the Saudi market. (The company currently has an assembly facility in the Kingdom and is planning to open a fully -fledged factory there.)

Lucid is also locked in the future demand of an unlikely customer: Uber.

Uber announced plans last month to buy at least 20,000 gravity SUVs in the coming six years and to use them as a robotaxis on its network. Lucid Motors will work for that deal to integrate the technology of the autonomous vehicle company Nuro into the vehicles.