StockNews.AI
LCID
Business Insider
33 days

Uber just made its robotaxi play — with a big investment in Lucid

1. Uber partners with Lucid for robotaxi based on the Gravity EV. 2. Lucid's stock surged 43% in pre-market trading due to the partnership. 3. Uber aims to deploy 20,000 robotaxis over the next six years. 4. Nuro will provide the self-driving technology for Uber's robotaxi fleet. 5. Market leader Waymo and Tesla are also active in the robotaxi space.

5m saved
Insight
Article

FAQ

Why Very Bullish?

The partnership with Uber significantly enhances Lucid's visibility and sales potential, akin to how Tesla's deals with major ride-sharing companies propelled its stock historically.

How important is it?

The partnership and stock surge indicate a strong potential for growth and future sales, critical for investor sentiment.

Why Long Term?

The deployment of 20,000 robotaxis indicates sustained demand for Lucid's vehicles over several years, similar to how electric vehicle adoption has grown steadily.

Related Companies

Related News