Q1 2025 deliveries and production announced

[LuvLucy]

Looks like they produced 2200 and deliveries were taken on 3100 (wow).

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2025 Results

Lucid Announces Q1 Production & Deliveries, Sets Date for First Quarter 2025 Results [02-April-2025] NEWARK, Calif., April 2, 2025 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), maker of the world's most

www.crweworld.com

Going to have a supply problem soon - outpacing production by almost 1000 is going to slaughter existing inventory. I am guessing the parking lot in Arizona is a ghost town. It will be interesting to see market reaction tomorrow in the face of the tariff news.

 

[segbrk]

During this period, Lucid produced 2,212 vehicles, plus over 600 additional vehicles in transit to Saudi Arabia for final assembly. The Company delivered 3,109 vehicles during the same period.

Note the 600 not counted as "produced" because they're only mostly produced. That makes it 2812. I'm not sure if those 600 are counted in the deliveries number because they've been "delivered" to KSA?

 

[LuvLucy]

close only counts in horseshoes and hand grenades. My guess is it will be lucky if these 600 are delivered in Q2 in KSA. I wonder if there is a source for KSA registrations (like is used to break down TSLA geographically) - my guess is only a handful so far. That said - over 25% of shipments to KSA is impressive - a huge market for LCID apparently.

 

[TonyLieske]

I was curious if this was a record and it sounds like it, although not by much. In Q4 they announced 3099 deliveries and said it was their third consecutive quarter of record deliveries. Their production in Q4 2024 was over 3300 vehicles though, so they should be able to ramp up if there is demand.

 

[Haggy]

Not surprising. It turns out that I'm not the only one to move from a Tesla to a Lucid. Who knew? I would have hoped that Lucid would do well regardless of Elon Musk but...thank you Elon?

 

[HC_79]

Awesome to see! Gravity will only boost those numbers even further.

 

[LuvLucy]

Q4 they announced 3099 deliveries. Q1 3100. Methinks someone was driving a car to someone's driveway at 11:59 PM at the end of Q1, LOL

 

[illopp00]

Yeah but Q1 is generally soft for most automakers, except this year everyone flooded to buy cars before tariffs raised the prices...

 

[illopp00]

Except apparently Tesla and Rivian's, who reported pretty poor delivery numbers.

 

[MJAir23TheGoat]

The expectations to deliver 20K cars for 2025 looks a bit dicey but optimistic with gravity.

 

[RMK!]

Hi Gents,
Former TSLA investor and current Tesla owner who will be ghosting Tesla ASAP. Fortunately, like Ross Gerber I began reducing my TSLA holdings near the 2024 and completed the task while still well above the water line. In looking at options of where to re-invest, I saw the Gravity introduction and began to dig deeper. Based upon mostly intuition (and some emotion), I've made a conservative but not inconsequential move into LCID. I'm not quite ready to jump into Lucid ownership but if the engineering of the Gravity is repeated/improved with the Earth Model I would buy it sight unseen. I like just about everything the Gravity has to offer but as an older retiree, I don't want 5, let alone 7 people in the vehicle with me.

Lucid's "exclusivity" appeal and rational management should bring many disgruntled Model S & X Tesla owners into the fold but it is that next mid-size SUV market that is the key to Lucid turning the profit corner. That of course also requires production numbers that can meet the demand. The Nikola acquisition could be genius or a tragic mistake. I hope that Marc Winterhoff is not a work/life balance kind of guy but an 18 hour work day, sleep in the factory kind of guy. If he could do so without going insane that would be helpful as well.

 

[HC_79]

Hi Gents,

Ladies & Gents

 

[RMK!]

Ladies & Gents

I'm so very sorry ma'am ...

 

[DeaneG]

...In looking at options of where to re-invest, I saw the Gravity introduction and began to dig deeper. Based upon mostly intuition (and some emotion), I've made a conservative but not inconsequential move into LCID.

I think you'll enjoy Gravity ownership much more than LCID ownership. That's how it has worked out for me and my Air anyway.
We have no need for more than four seats, but it looks like nothing else compares well to Gravity.

 

[RMK!]

I think you'll enjoy Gravity ownership much more than LCID ownership. That's how it has worked out for me and my Air anyway.
We have no need for more than four seats, but it looks like nothing else compares well to Gravity.

Not sure the Gravity is for me but I do like the car. Considering the hardware/software technological innovation from Air to Gravity the future products should do very well. As for LCID, at the current share price, it seemed like a risk worth taking. Tesla was not profitable for the first 6 years and Lucid's management and employee culture seems very involved and motivated. I like supporting those types of ventures.