Written by Cláudio Afonso | LinkedIn | X
Electric carmaker Lucid Motors said on Monday it delivered 3,099 units in the last quarter of 2024, bringing its annual figures to 10,241 vehicles. Deliveries in Q4 rose by 79% when compared to the last quarter of 2023 while the annual figures increased 71%.
Lucid said that the fourth quarter deliveries include “approximately 7%” vehicles (about 217) that were “subject to operating lease accounting.”
Lucid produced 3,386 vehicles in the fourth quarter of 2024, marking a 42% year-over-year increase compared to the same period in 2023 (2,391 units) and allowing the company to exceed its annual production guidance of 9,000 units, with a total of 9,029 vehicles produced in 2024.
However, the Q4 2022 production of 3,493 vehicles remains the highest quarterly output recorded in recent years, slightly ahead of Q4 2024 by 107 units.
In the U.S., its main market, Lucid set a new monthly sales record in December, marking its second consecutive monthly high with 780 units sold, an increase from the 712 vehicles sold in November.
In November, the EV maker had reaffirmed that it expected to produce “approximately 9,000 vehicles” in 2024. For annual deliveries, the company had not guided any number.
In the third quarter, the EV maker had produced 1,805 vehicles while delivering 2,781. As of the time of writing, Lucid shares are trading 8% higher at $3.55.
Lucid’s chief executive, Peter Rawlinson, ended 2024 by taking delivery of his own Gravity SUV, becoming one of the first owners of the company’s second model. The EV maker shared the moment on social media, calling it an “extra special delivery” to close out the year.
Once additional units are shipped to showrooms and made available for test drives, the company will begin customer deliveries in the U.S. while European deliveries are planned to start in early 2026.
As exclusively reported by EV on November 20, Lucid had always planned to begin customer deliveries only in 2025. Internal sources told EV last November that the timeline was decided amid Gravity’s unveiling at the LA Auto Show in late 2023.
Written by Cláudio Afonso | LinkedIn | X
