Lucid Stock Goes Up
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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.
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Stocktwits on MSNUber To Deploy Lucid Gravity SUVs As Robotaxis On Platform: Retail Says ‘No One Cares Whether The Vehicle Is A Tesla’Shares of Lucid Group (LCID) soared 40% on Thursday morning after the EV maker announced that Uber Technologies (UBER) plans to deploy 20,000 or more of its vehicles on the Uber platform as robotaxis.
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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?
Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.
Forget about Elon Musk and Tesla (NASDAQ:TSLA) for a moment. While shares may seem like the biggest bargain of the Magnificent Seven basket, given its shaky start to the year and the robotaxi opportunity that lies ahead,
Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That
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?
Lucid Motors’ aggressive pricing strategy and the launch of the Gravity SUV are paying off. The California-based luxury EV maker had its sixth consecutive record quarter for vehicle deliveries, while the numbers for the first half of the year are even more impressive.