Lucid’s record quarter got a lift from rental sales and company leases

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Lucid Motors set a company record for deliveries in the first quarter of 2025, shipping 3,109 EVs to customers in North America, Europe, and Saudi Arabia. It appears that a new company car program and sales to rental fleets helped it get there. 

According to a footnote in Lucid Motors’ latest regulatory filing, it sold the equivalent of around 300 cars to what it refers to as “rental companies” in the quarter. Nick Twork, a spokesperson for Lucid Motors, said in an email that despite the use of the term, the “vast majority” of the…



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Lucid’s record quarter got a lift from rental sales and company leases

, Published By Techcrunch
Apple


Lucid Motors set a company record for deliveries in the first quarter of 2025, shipping 3,109 EVs to customers in North America, Europe, and Saudi Arabia. It appears that a new company car program and sales to rental fleets helped it get there. 

According to a footnote in Lucid Motors’ latest regulatory filing, it sold the equivalent of around 300 cars to what it refers to as “rental companies” in the quarter. Nick Twork, a spokesperson for Lucid Motors, said in an email that despite the use of the term, the “vast majority” of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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