Lucid Group (LCID) announced another record quarter, with both deliveries and EV production rising in Q3. Despite the growth, it may still not be enough to hit its annual goal for 2025.
Lucid announces Q3 2025 EV deliveries and production
After overcoming the supply chain hurdles that slowed output in the first half of the year, Lucid said that it was on track to “significantly increase production” in the second half of 2025.
Although Lucid reported record delivery and production numbers in Q3, Wall St was looking for even more. Lucid delivered 4,078 vehicles, marking its seventh straight quarter with higher deliveries.
The EV maker produced 3,891 vehicles in the third quarter. That doesn’t include the more than 1,000 vehicles Lucid built that will be shipped to Saudi Arabia for final assembly.
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Lucid’s CEO, Marc Winterhoff, said the company “manufactured close to 5,000 vehicles in the quarter ever, the most ever.”
Winterhoff said the company made “significant progress ramping production of the Lucid Gravity through Q3,” including adding a second manufacturing shift.
Q1 2025
Q2 2025
Q3 2025
Year-to-date
Production
2,212
3,863
3,891
9,966
Deliveries
3,109
3,309
4,078
10,496
Lucid Group (LCID) EV deliveries and production by quarter 2025
Through the first three quarters, Lucid has now produced 9,966 vehicles at its Casa Grande, Arizona, plant. After cutting its production goal for the year from a firm 20,000 to a range of 18,000 to 20,000 earlier this year, Lucid may struggle to meet its target.
Lucid will need to build over 8,000 vehicles in the final three months of 2025, more than double its production in any quarter, just to hit the lower end of its target.
The Lucid Gravity debuts in Europe (Source: Lucid)
The company expects its new Gravity SUV to account for the majority of production and deliveries in the second half of the year, but will it be enough?
According to data compiled by Bloomberg, analysts had expected Lucid’s third-quarter production to be around 5,621 units, far from the 3,891 units it actually reported.
Lucid’s vehicles currently sell in the $70,000 to $80,000 range, but it plans to launch its new midsize platform in late 2026, which will unlock prices closer to $50,000. The platform will wear at least three “top hots,” including a crossover SUV and a more rugged variant. The third has yet to be announced, but is rumoured to be an electric sedan that would rival the Tesla Model 3.
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NextEra Energy is partnering with Exxon Mobil, the country’s largest oil company, to build a large data center site powered by natural gas for a potential tech customer, CEO John Ketchum told investors Monday
The 1.2 gigawatt power plant would combine gas generation with Exxon’s carbon capture technology to reduce emissions, according to NextEra’s presentation to investors.
They plan to market the site to a hyperscaler in the first quarter of 2026. Hyperscalers are the big tech companies that are building data centers to train and run artificial intelligence applications. There is no signed agreement with a hyperscaler yet.
NextEra and Exxon have secured 2,500 acres of land for the facility. The site will be located in the Southeast in close proximity to Exxon’s carbon-dioxide pipeline infrastructure, according to NextEra.
NextEra is the largest renewable energy developer in the U.S., but it is leaning into natural gas to meet the growing demand from data centers. The power company plans to bring as much as eight gigawatts of gas generation online by 2032, and is developing a pipeline of 20 gigwatts of gas generation.
NextEra plans to build 15 gigawatts of power for data center hubs by 2035, Ketchum said. That includes at least three data center campuses that NextEra is developing with Alphabet‘s Google.
“A lot of those will get started with what I call bridge power — renewables, storage,” the CEO said. “We’re also at that same time planning for the gas to come behind it.”
The tech sector has primarily secured renewables and increasingly nuclear power to supply data centers in an effort to meet its climate targets.
Mercedes calls it the “one-liter” car for a reason. The new Mercedes CLA EV has an impressive EPA range of 374 miles, but in real-world driving, it can go even further.
Mercedes CLA EV beats EPA range in real-world driving
The new CLA EV might just be the most critical Mercedes model yet. It’s the first of the luxury brand’s latest generation of electric vehicles, promising to be much more advanced, efficient, and refined than ever before.
Powered by an 85 kWh battery pack, the 2026 Mercedes-Benz CLA 250+ has an EPA-estimated range of 374 miles.
Although that’s already among the highest for any 2026 model-year EV in the US, the electric CLA can drive even further in the real world.
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The folks at Edmunds just got their hands on one to test it out. In the Edmunds EV Range Test, the 2026 Mercedes CLA EV crushed its EPA figures, driving an impressive 434 miles on a single charge, beating its official ratings by 16%.
The new Mercedes-Benz CLA EV (Source: Mercedes-Benz)
Out of 13 Mercedes models Edmunds has tested, the new CLA EV had the second-longest driving range, trailing only the EQS 450+. However, given that the EQS is a full-size sedan and significantly more expensive than the CLA, it’s expected.
The 2026 Tesla Model 3 Standard went 339 miles, while the 2026 Audi A6 E-tron drove 402 miles during the EV Range Test.
The new electric Mercedes CLA (Source: Mercedes-Benz)
The Edmunds EV Range Test is 60% city and 40% highway driving with an average speed of 40 mph. Each vehicle is set to the most efficient drive setting, while the climate control is set to 72 degrees to reflect the most accurate real-world driving conditions drivers encounter each day.
During the test, the electric CLA used 23.2 kWh per 100 miles of driving, beating the EPA’s estimates by 16.5%.
On the Edmunds EV Charging Test, it had an average charge rate of 193 kW from 10% to 80%, earning a score of 833 miles per hour. That’s the second-best of those tested, behind the Hyundai IONIQ 6.
2026 Mercedes-Benz CLA trim
Starting Price*
Driving Range
CLA 250+
$47,250
374 miles
CLA 350 4MATIC
$49,800
312 miles
2026 Mercedes-Benz CLA EV prices and driving range by trim (*does not include $1,250 destination fee)
The new Mercedes CLA EV is now the least expensive car they’ve tested, with over 400 miles of range. Last week, Mercedes launched the 2026 CLA 250+ EV, starting at $47,250.
Mercedes said it will begin delivering the first customer models this month, with output ramping up throughout early 2026.
Tesla is pulling every demand lever available as we head into the final weeks of the year. The automaker has launched a new set of aggressive incentives in the US, including free upgrades on inventory vehicles, 0% APR financing, and $0 down leases.
It’s the end of the quarter (and year), and as per usual, Tesla is trying to empty its inventory, but it’s more difficult this year due to the end of the tax credit in Q3 pulling a lot of demand away from Q4.
We have regularly reported on Tesla ramping up incentives at the end of the year, but this new batch is arguably the most aggressive we have seen in a long time.
First off, Tesla is offering one free upgrade on eligible inventory vehicles.
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If you go to Tesla’s inventory page for Model 3 or Model Y, you will see a lot of vehicles listed with a “Free Upgrade” tag. This basically means that if you pick a car that has a paid option, like a premium paint color (Ultra Red or Quicksilver), 20″ Induction wheels, or the White interior, Tesla is waiving the cost of that option.
That’s a value of anywhere from $1,000 to $2,500 depending on the option.
On top of that, Tesla has expanded its financing offers. The company is now offering 0% APR financing for up to 72 months on Model 3 and Model Y purchases.
This is a significant move. We have seen low interest rates before, but 0% for 72 months is basically free money, especially in the current interest rate environment.
But wait, there’s more.
For those looking to lease, Tesla has introduced $0 down leases for the Model Y.
Previously, Tesla required a down payment of at least $3,000 for its best lease rates. Now, you can drive off the lot with a Model Y for $0 down, though the monthly payments will obviously be higher than with a down payment.
Tesla writes on its website regarding the new push:
“Take delivery by December 31, 2025 to take advantage of these limited-time offers. Available on select inventory vehicles while supplies last.”
The automaker is clearly trying to deliver as many cars as possible before the ball drops on 2025.
Electrek’s Take
The end-of-year push is in full swing.
When you see Tesla stacking incentives like this, 0% financing, zero down, and free options, it tells you one thing: they have inventory to move.
With a lot of demand in the US pulled forward into Q3 due to the end of the tax credit for electric vehicles, it was always clear that Tesla would have trouble moving cars in Q4.
These are roughly the best end-of-quarter incentives we have ever seen, and even then, I’d be surprised if Tesla can come close to its record deliveries of last year’s Q4: 495,000 vehicles.
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