Lucid's record quarter got a lift from rental sales and company leases | TechCrunch
Briefly

Lucid Motors reached a significant milestone in Q1 2025, delivering 3,109 electric vehicles (EVs) to markets in North America, Europe, and Saudi Arabia. This achievement was boosted by a strategic shift to include fleet sales, particularly to leasing companies and rental fleets. According to Nick Twork from Lucid, the majority of these vehicles were leased back to the company as part of a reorganized car program. This success signals a positive trend for Lucid, marking an increase in deliveries for five consecutive quarters, contrasting sharply with declines seen by competitors like Tesla.
As part of the normal course of business, we leverage fleet transactions whenever we see a good opportunity that is in the best interest of our business.
Many of our customers continue to tell us that once they experience a Lucid, it's hard to go back.
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