Lucid's record quarter got a lift from rental sales and company leases
1. Lucid Motors set a delivery record in Q1 2025 with 3,109 EVs. 2. Sales to rental fleets contributed to beating previous quarterly delivery numbers. 3. The company aims to boost marketing efforts under interim CEO Winterhoff. 4. Despite rising deliveries, rental sales do not immediately impact revenue recognition. 5. The company bets on upcoming SUV, Gravity, for future sales growth.