LCID stock price surges as new deal sets up Lucid Motors to take on Waymo and Tesla
Investors are betting on a bright future for Lucid after the Silicon Valley-based electric vehicle maker announced a $300 million deal to create a robotaxi program with ride-sharing giant Uber and autonomous vehicle startup Nuro.
Lucid shares surge as Uber invests in robotaxi partnership
Lucid Group Inc (NASDAQ:LCID) shares leapt 44% in premarket trading on Thursday after a $300 million investment from Uber was announced, with the aim of deploying "20,000 or more" electric robotaxis. Electric vehicles made by the Californian luxury auto challenger will be equipped with Level 4 self-driving software from Nuro and deployed over six years around the world.
Why is Lucid stock surging?
Lucid Group (NASDAQ: LCID) stock is up 46.72% in premarket trading on Thursday as of publication time, following Uber Technologies' (NYSE: UBER) announcement of a $300 million investment in the electric vehicle maker as part of a six-year robotaxi partnership.
Lucid Group (LCID) Stock Slides as Market Rises: Facts to Know Before You Trade
In the closing of the recent trading day, Lucid Group (LCID) stood at $2.29, denoting a -1.72% move from the preceding trading day.
Lucid Flags Tariff-Driven Price Surge, Localizes Battery Sourcing
LCID warns of price hikes from tariffs and moves to localize battery sourcing with new Graphite One deal.
Lucid Motors will roll out hands-free highway driving this month
Lucid Motors is set to roll out a software update on July 30 that will enable hands-free highway driving on its Air sedans, a major step forward for the company's advanced driver assistance system.
Wall Street analyst updates Lucid stock price
A Wall Street analyst is projecting upside potential for Lucid (NASDAQ: LCID) stock over the next 12 months, citing the company's recent technical achievements.
Is Lucid Group a Millionaire-Maker Stock?
When Lucid Group (LCID -1.72%) went public in 2021, many investors hoped it would be the next Tesla. The electric vehicle (EV) start-up promised cutting-edge technology, luxury appeal, and the potential for explosive growth in the booming EV market.
Should You Buy Lucid Stock While It's Below $2.50?
Lucid Group (LCID -1.93%) is a startup automaker attempting to take on industry giants. That's a tall order, and as such, most investors are probably better off watching this company from the sidelines.
Down 48%, Can Lucid Group Make You a Millionaire?
Key Points in This Article: Lucid Group (LCID) aims to compete in the premium EV market with models like the Lucid Air and Gravity SUV, while planning to launch affordable mass-market vehicles to capture a broader audience.
Lucid Group (LCID) Outperforms Broader Market: What You Need to Know
In the latest trading session, Lucid Group (LCID) closed at $2.33, marking a +2.19% move from the previous day.
AI sets date when Lucid stock will trade at $10
An artificial intelligence (AI) tool is projecting that electric vehicle (EV) manufacturer Lucid (NASDAQ: LCID) is likely to experience extended trading below the $10 mark.
