Lucid Stock Goes Up
Digest more
With the ability to cover up to 450 miles on a single charge, the Gravity SUV is expected to function well as a robotaxi, since it will need less downtime for recharging. This way, vehicles will be available for riders more often. Tesla ’s own Model Y is being used as the brand’s robotaxi, but that has nowhere near the range of the Lucid Gravity.
Lucid Group partners with Uber and Nuro to deploy Gravity EVs as robotaxis, boosting delivery scale and entering the autonomous market. Click for my LCID update.
Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.
Tesla (TSLA) reports its second quarter results on Wednesday, July 23. Yahoo Finance Senior Autos Reporter Pras Subramanian shares three things he is watching for. To watch more expert insights and analysis on the latest market action,
Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.
Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.
8don MSN
Tesla ( TSLA) and its high-profile CEO Elon Musk can be polarizing. However, the automaker has achieved things that seemed impossible. It not only broke into the highly mature auto industry, it also helped to create the electric vehicle (EV) market. Could buying EV upstart Lucid ( LCID) set investors up for a similar success story?
Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?