Over the recent days, there hasn’t been much news to drive either buyers or sellers regarding the Lucid Group (LCID), as its shares have mostly remained stationary this week. Following a closing price of $2.29 last Friday, the stock closed at the same price point yesterday. Today, however, Lucid announced a new partnership with Uber, which has sparked optimism among investors.
As of 10 a.m. ET, shares of Lucid are up 30.1%.
Lucid is helping to build a robotaxi fleet
For the upcoming six years, Uber intends to construct a self-owned and operated (or managed via partners) fleet of 20,000 (or more) Lucid vehicles, which will function as robotaxis. These robotaxis will be accessible exclusively through the Uber platform for passengers.
With growing confidence in the company’s capabilities, Acting CEO Marc Winterhoff from Lucid expressed, “We are embarking on a journey to expand our position as a leader in innovation and technology within the vast multitrillion-dollar market.
The robotaxis will showcase Lucid Gravity electric vehicles equipped with autonomous driving systems provided by Nuro, a pioneer in self-driving vehicle technology. These robotaxis will function under Level 4 autonomy.
As an outside observer, I’m witnessing Uber’s decision to invest significantly in both Lucid and Nuro, with the aim of fostering the growth of their robotaxi fleet. These companies anticipate that their robotaxi service will debut in a prominent American city by 2026.
Is it too late to go for a ride with Lucid stock?
Given the frequent focus on Tesla‘s robotaxi services, it’s not surprising that investors in Lucid are eagerly purchasing shares following the announcement of their partnership with Uber. This news is a positive sign for potential Lucid investors, indicating potential future collaborations in the robotaxi service sector. However, there’s no immediate need to invest heavily at this moment; instead, keep an eye out for further developments.
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2025-07-18 00:12