Lucid Reports Rivian Trade-Ins in 2025

Lucid Motors reported specific trade-in data for the 2025 fiscal year, revealing that the company accepted 'quite a few' vehicles from Rivian owners. Despite the presence of Rivian trade-ins, the majority of vehicles received were from Tesla owners. This distinction highlights the ongoing competition between these electric vehicle manufacturers.

The trade-in figures suggest that while consumers are willing to switch between newer EV brands like Lucid and Rivian, Tesla remains the most significant source of customers for Lucid. The data reflects broader market trends where consumers are evaluating their options across the growing EV landscape. Lucid's ability to attract owners from both competitors indicates a competitive product offering, though the volume from Tesla underscores the market's current hierarchy.

Lucid Motors (LCID) provided insight into its customer acquisition channels through trade-in data from the past year. The company noted that it took in 'quite a few' trade-ins from Rivian (RIVN) vehicles. This indicates that some Rivian owners are opting to switch to Lucid models.

Despite the specific volume of Rivian trade-ins, the data shows that Tesla (TSLA) owners constituted the largest group of trade-ins. The majority of vehicles accepted by Lucid were from the competitor Tesla. This trend emphasizes the high level of competition between Lucid and Tesla in the luxury electric vehicle market.

The trade-in numbers reflect the shifting dynamics in the electric vehicle market. Lucid is actively positioning itself as a premium alternative, attracting buyers from other established brands.

Key observations from the trade-in data include:

• Rivian owners are making the switch to Lucid, though in smaller numbers.
• Tesla remains the primary source of trade-ins for Lucid.
• The overall volume suggests a growing willingness among consumers to switch brands.

The fact that Tesla accounts for the majority of trade-ins suggests that Lucid's marketing and product appeal are most effective against the market leader. This is a significant metric for investors tracking LCID stock performance and market share growth.

While Rivian trade-ins are noted as 'quite a few,' they do not yet match the volume coming from Tesla. This indicates that while the EV market is diversifying, Tesla's dominance in terms of owner retention or conversion to other brands like Lucid remains a central factor in the industry's competitive structure.

In summary, Lucid Motors saw trade-ins from both Rivian and Tesla in 2025. The company confirmed receiving 'quite a few' Rivian vehicles, yet the majority of trade-ins were Teslas. This data point serves as a key indicator of brand loyalty and consumer movement within the high-end EV sector, showing that while competition is heating up, Tesla remains the dominant source of trade-ins for Lucid.