Lucid Motors reported an 11.6% decline in California sales during the third quarter, marking the second consecutive quarter of falling demand for its electric vehicles. The company’s flagship model, the Gravity SUV, has been the primary driver of the downturn, with sales slipping further amid shifting market dynamics. Industry analysts suggest competition from established automakers and evolving consumer preferences may be contributing to the slowdown. The figures raise questions about Lucid’s ability to sustain momentum in a crowded and increasingly competitive EV market.
Lucid’s California Sales Fall 11.6% in Q3 as Gravity Slips for Second Straight Quarter Electric Vehicles
