Lucid Motors delivered a record 4,078 vehicles in the third quarter, likely buoyed by a combination of more Gravity SUVs hitting the road and a rush of customers taking advantage of the expiring federal EV tax credit.

The Saudi-owned luxury EV startup is still way off the projections it used to go public in 2021 — a transaction that netted it $4 billion. But Lucid Motors has seen deliveries steadily climb over the last two years. The third quarter delivery figures announced Monday mark the seventh consecutive quarter that Lucid Motors has seen sales increase.

Lucid Motors was not alone in seeing a big third-quarter bump in EV sales. Tesla recorded its best quarter in company history , and legacy automakers like Ford and General Motors saw big increases as well. Even Rivian, which i

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