Lucid Group announced record fourth-quarter deliveries, surpassing Wall Street expectations. The Saudi Arabia-backed automaker benefited from strong demand for its luxury electric sedans.
This performance was driven by price discounts and cheaper financing options, which helped boost demand in the current economic climate. The company delivered 3,099 vehicles in Q4 2024.
For the full year 2024, Lucid produced 9,029 vehicles and delivered 10,241 vehicles, meeting its previously announced production target. This represents a 71% increase in deliveries and a 7% uptick in production compared to 2023.
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