The stocks of luxury electric vehicle manufacturer Lucid Group (LCID) have been surging recently, with enthusiasm from investors reaching new heights following news of a fresh partnership. This collaboration promises to make Lucid’s Gravity SUV available for ride-sharing and robotaxi services as early as the next year.
Today, I’m thrilled to share that as of July 31, every model of my beloved Lucid Air sedan will be compatible with Tesla’s Supercharger network! This exciting news has sent the stock soaring by another 9.4% during midday trading, bringing its total increase since early July to a staggering 50%! Some investors might wonder if they’ve missed the boat on this rally, or whether Lucid stock is still a smart investment at its current price of approximately $3 per share. I, for one, believe it’s worth considering!
Lucid’s path to profitability
As an observer, I can’t help but notice the delight Lucid Air owners might be experiencing today. The news that they now have access to over 23,500 Tesla charging stations could significantly enhance their convenience during long journeys. Owners of this luxury sedan typically wouldn’t struggle with range anxiety given the impressive industry-leading range of up to 512 miles on a full charge for the Lucid Air Grand Touring model.
While the high-end electric vehicle (EV) model is a specialized choice for wealthy buyers, it isn’t the key to Lucid Motors achieving profitability. Instead, what truly makes the stock an appealing investment at this stage is the recent announcement of partnerships with rideshare giant Uber Technologies and autonomous delivery service provider Nuro. These partnerships are more significant for investors in Lucid Motors.
Uber is set to invest $300 million into Lucid Motors, which will be credited to their financial records. Moreover, Uber intends to launch a premium robotaxi service using over 20,000 Lucid electric vehicles (EVs) starting from next year. This move is expected to significantly increase Lucid’s vehicle sales in the near future. It’s worth keeping an eye on Lucid’s plans for lower-priced models and their impact on sales as well, when considering an investment in this company.
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2025-07-22 19:51