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Q2 ‘25 Production/ Deliveries

Deliveries so far
Q1 3109
Q2 3309
Q3 4078

10K.

Solid bump in Q3 deliveries...but damn that is a far cry from 18-20k produced in 2025.
 
NoseyReporter said:
They never had to count so high before, they are trying to figure out what happens after you hit 999.
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I’m told it just rolls over to 9. Heard it on a website somewhere
 
NoseyReporter said:
Deliveries so far
Q1 3109
Q2 3309
Q3 4078

10K.

Solid bump in Q3 deliveries...but damn that is a far cry from 18-20k produced in 2025.
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I'm hardly a market analyst, but let's do a little math. Assuming very few Gravity sold in Q2, then they're running at about ~3200/quarter for the Air. I believe the Q4 '24 totals were 3099, and almost entirely Airs. So that's an annual run rate of ~12,800 on the Airs, compared to the '24 totals of 10,241. A small bump on Air deliveries from '24 to '25 seems reasonable, as the press about Gravity is likely increasing Lucid's brand awareness. And a second vehicle doubtless increases their credibility with some buyers as well. If we assume they sold the Gravity at about ~100 in Q2, and ~1000 in Q3, then they'd need to ramp up to 4100 in Q4 to hit the low end of the 18K target. Not impossible, but they've got some work to do. I expect there are a lot of people (like me) waiting for a GGT with a HUD. But they need both the manufacturing rate and the demand.
 
….. with the EV credits, disappearing thought Lucid numbers would be closer to 5-6K
Tesla did almost 500 K in deliveries for the quarter. Fourth-quarter will be tougher for both.
Fingers crossed.
 
Pwmac said:
I'm a little surprised Q3 production wasn't higher. Hopefully no issues ramping in Q4.
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Judging just from the chatter on this forum, it seems like the Gravity production didn't really start to kick into gear until September. The pace of delivery in July was very low, and August was still slow.
 
I do not see how Lucid is going to produce 8000+ vehicles in Q4 to meet the lower end of the 18,000 produced guidance. Based on the current run rate quarter to quarter that would require them to effectively double production. The Gravity Touring is nowhere to be seen so the cheaper variant is clearly not coming this side of Christmas.
 
HC_79 said:
I do not see how Lucid is going to produce 8000+ vehicles in Q4 to meet the lower end of the 18,000 produced guidance. Based on the current run rate quarter to quarter that would require them to effectively double production. The Gravity Touring is nowhere to be seen so the cheaper variant is clearly not coming this side of Christmas.
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It’s possible they’re banking on KSA vehicles and/or Nuro vehicles? I have no idea, to be clear, I’m just making that up.
 
HC_79 said:
I do not see how Lucid is going to produce 8000+ vehicles in Q4 to meet the lower end of the 18,000 produced guidance. Based on the current run rate quarter to quarter that would require them to effectively double production. The Gravity Touring is nowhere to be seen so the cheaper variant is clearly not coming this side of Christmas.
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I've been staying this since the end of q1.
 
IMO Lucid is in a uniquely difficult position (I’m a stockholder and owner). Lucid doesn’t have anywhere near the brand awareness that it needs. In almost every article that I read about EVs and EV sales, they rarely even mention Lucid. Other than advertising, the only way Lucid will improve it’s brand awareness is by selling more cars and with the disappearance of the tax credits, the only way they will sell more cars is to provide greater incentives that make the overall cost the same or less as it was with the tax credits. We’ll see what they say on the earnings call, but I don’t see how it can be overly optimistic at this point.
 
TahoeMichael said:
I'm hardly a market analyst, but let's do a little math. Assuming very few Gravity sold in Q2, then they're running at about ~3200/quarter for the Air. I believe the Q4 '24 totals were 3099, and almost entirely Airs. So that's an annual run rate of ~12,800 on the Airs, compared to the '24 totals of 10,241. A small bump on Air deliveries from '24 to '25 seems reasonable, as the press about Gravity is likely increasing Lucid's brand awareness. And a second vehicle doubtless increases their credibility with some buyers as well. If we assume they sold the Gravity at about ~100 in Q2, and ~1000 in Q3, then they'd need to ramp up to 4100 in Q4 to hit the low end of the 18K target. Not impossible, but they've got some work to do. I expect there are a lot of people (like me) waiting for a GGT with a HUD. But they need both the manufacturing rate and the demand.
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Yeeesss...I need my HUD!!!
 
merveille07 said:
I respectfully disagree with your assessment. I think it's a great number taking into consideration all the unknown they have to deal with. I love Peter, but I think he did a big disservice to Lucid by rushing that December delivery just to get his bonus.
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Yeah, that 2024Dec delivery was a slap on the face of every investor….
 
DBV said:
Will be curious of when the $7500 lease incentive goes away of what Lucid does and how it affects their sales numbers. That makes a big difference on a lease. Of course other EV’s mfg’s have the same issue, but think it really helped Lucid, since they are still just getting going.
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They are offering 0.99% financing in lieu of 7.5k lease discount. Looks like they are encouraging buying vs leasing.
 
They need to release Touring reservations soon, if they don’t, indicates they are so far behind in production. Remember the delay in releasing the cheaper Pure model- they lost a lot of reservations. Lucid really needs to get their supply chain and production in order for the midsize.

The 6 month delay for the Gravity production is the reason the stock is crashing. Wonder how the midsize will go, will Lucid management learn from their mistakes?

And all these delays made them lose a lot of money from the federal EV credits, carbon credits etc. They just lost hundreds of millions of dollars with these delays.
 
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