Lucid Motors saw its U.S. registrations decline 13.8% month-on-month in June to 840 units, according to data released on Tuesday by Motor Intelligence.
Sales rose 24.6% from a year earlier, when the Saudi-backed EV maker was only delivering its debut model, the Air sedan.
The figures represent a year-on-year increase from June 2024, when Lucid registered an estimated 674 vehicles and had yet to begin customer deliveries of its second model, the Gravity SUV.
For the second quarter, Lucid posted 820 registrations in April, 975 in May, and 840 in June, bringing the quarterly total to 2,635 units.
Lucid said in early April that it had produced 2,212 vehicles in the first quarter, in addition to “over 600” units that were in transit to be assembled at its plant in Saudi Arabia.
The Newark-based carmaker is targeting production of 20,000 electric vehicles this year. Based on first-quarter output of approximately 2,812 vehicles, Lucid would need to produce around 17,000 units between April and December to meet that goal.
The company, now led by interim CEO Marc Winterhoff, is expected to report its second-quarter production and delivery figures later this week.
Motor Intelligence classifies vehicles as either “cars” or “trucks.” Lucid’s Air sedan is listed as a car, while the larger Gravity SUV—measuring 198.2 inches (5,035 mm) in length—is categorized as a truck.
Of the 942 Lucid vehicles registered in March, 912 were listed as cars and 30 as trucks, confirming initial deliveries of the Gravity had begun. In April, just five truck registrations were recorded, with the remaining 815 attributed to the Air sedan.
In May, all 975 units were listed as cars, and the same classification appeared in June, raising questions about whether Motor Intelligence has reclassified the Gravity.
As EV reported earlier this Tuesday, the brand sold three units of the Air sedan in Norway in the first half of the year. Two of those vehicles were sold in June.
During the company’s first-quarter earnings call in early May, interim CEO Marc Winterhoff said Gravity’s launch had been delayed by supply chain bottlenecks but emphasized the company’s commitment to quality.
“While we encountered a modest supply chain bottleneck that had an impact on our timeline, the more important point is that we’re taking the time to get it right, not just getting it out,” Winterhoff told investors.
Despite the delays, Lucid said it remains on track to meet its full-year production target for the Gravity and recently began delivering the flagship Dream Edition.
“We now have line of sight to resolving the bottlenecks in Q2,” Winterhoff added. “A broader ramp-up is expected soon.”
Lucid began taking reservations for the Gravity Grand Touring trim in November, with U.S. prices starting at just under $95,000 before fees.
A source familiar with the matter told EV in April that higher-volume output was unlikely to begin before June or July.
Shares of the EV maker fell 3.80% on Tuesday, closing at $2.03.
The stock has dropped more than 30% over the past six weeks and briefly traded at $1.98 earlier in the session, just five cents above its all-time low hit last November, before paring some losses.
As of March, Lucid reported an accumulated deficit of $13.3 billion, according to its most recent filing with the U.S. Securities and Exchange Commission.
Its market cap, based on Tuesday’s closing price, stands at $6.19 billion — less than half its cumulative losses.
