Uber, robotaxi and Lucid
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Uber is making a big move into robotaxis. It is partnering with Lucid and Nuro. The aim is to launch over 20,000 robotaxis. These will be exclusively on the Uber platform in six years. Uber will invest heavily in Lucid and Nuro.
Lucid has previously said it plans to offer lower-priced vehicles to expand its market further. One of the latter is Lucid Group (NASDAQ: LCID). Lucid's new Gravity SUV plugged into Tesla Supercharger.
Lucid stock jumps 28% after striking a major robotaxi deal with Uber and Nuro, signaling a bold new chapter in autonomy.
If Lucid Group grows to where it can turn a sustainable profit, it could very well make investors who buy it today very wealthy. But only investors with very strong constitutions should buy it, because there remains a very material risk that it falls short of its lofty goals.
Lucid is 10 percent of Tesla, but honestly, Lucid's business isn't 10% of Tesla's business right now. Lucid hopes to produce 20,000 vehicles, next year, 20,000 vehicles. Toby Bordelon: Tesla did ...
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Why Lucid is Probably Not The Next Tesla - MSNOn June 29, 2010, Tesla Inc. (NASDAQ: TSLA) IPO'd at $17 per share. Fast-forward 15 years, plus a five-for-one and three-for-one split, and Tesla's stock is trading at just over $341 per share as ...
When Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) three years ago, some bullish investors believed the luxury electric vehicle maker could become ...