Latest news with #Lucid
Yahoo
7 hours ago
- Automotive
- Yahoo
Why Lucid Stock Is Skyrocketing Today
Key Points Lucid stock is roaring higher after it was announced that the company's Air vehicles will soon be compatible with Tesla's Supercharger network. Owners of Lucid's Air vehicles will be able to use Tesla's charging network starting July 31. This win comes on the heels of a big robotaxi partnership with Uber. 10 stocks we like better than Lucid Group › The stock of Lucid Group (NASDAQ: LCID) is surging in Tuesday's trading despite moderate bearish momentum for the broader market. The company's share price was up 8.9% as of 12:30 p.m. ET. Meanwhile, the S&P 500 was down 0.1%, and the Nasdaq Composite had fallen 0.7%. The electric vehicle (EV) specialist's valuation is getting a big boost today following news that its Air vehicle models will become compatible with Tesla's Supercharger network. The news comes on the heels of an announcement that Lucid has formed a robotaxi partnership with Uber, and the EV company's stock is now up roughly 41% over the last month. Image source: Getty Images. Lucid stock soars on Tesla Supercharger news All Lucid Air models will become compatible with Tesla's charger network on July 31. Thanks to a new charger adapter that has been approved by Lucid, Air owners will gain access to more than 23,500 charger stations. Tesla has by far the largest network of charging stations, and the new compatibility stands to make vehicle charging significantly more convenient for Air owners. It also has the potential to make Lucid's Air EVs significantly more attractive to prospective buyers. What's next for Lucid? Lucid has been racking up some significant wins recently. As part of their robotaxi partnership, Uber will be purchasing 20,000 or more of its vehicles and outfitting them with autonomous driving technologies from Nuro. With the company having delivered only 10,241 vehicles last year, the deal with Uber looks to be a significant sales catalyst even if purchases will be spread out over a six-year period. Uber has also invested $300 million in the company, and it's possible that Lucid's vehicles being part of its EV fleet will wind up creating broader sales catalysts as more potential buyers become aware of its vehicles. Should you buy stock in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
TechCrunch
11 hours ago
- Automotive
- TechCrunch
Lucid Air owners will be able to use Tesla Superchargers from July 31
Owners of the Lucid Air sedan will be able to charge their luxury EVs at thousands of Tesla Supercharger stations in North America starting July 31, nearly two years since the automakers reached an agreement. But there is a notable caveat: Lucid Air vehicles won't be able to charge as fast as Tesla vehicles. Lucid said on Tuesday that all Lucid Air sedans, regardless of model year, will be able to access Tesla's network of fast chargers with an approved adapter that costs $220. Tesla V3 (and above) Supercharger stations are compatible with the Lucid Air adapter. However, the Air will only be able to charge at 50 kW, a far lower rate than the 250 kW peak rate that these Superchargers provide. The issue stems from a mismatch between Lucid's 924-volt charging system and the 400V Tesla Superchargers. Lucid, and any other EV with 800-volt charging systems, simply can't charge as fast as they might with chargers designed for them, as Consumer Reports notes. Lucid spokesperson Andrew Hussey explained that engineers repurposed hardware in the Air's integrated charging system, called Wunderbox, to make the system work and activate 50kW boost charging when using a Supercharger. He added that Lucid views the 50kW charging for Air as another option for owners who are on roadtrips, or live or work closer to Superchargers. Unlike the Lucid Gravity SUV, which launched earlier this year, the Air is still built with the Combined Charging System (CCS). The CCS was considered the go-to EV charging standard in North America and used by all automakers, with one notable exception. Tesla developed its own charging standard, which includes the built-in charging port on the vehicle as well as an EV charging connector. In 2022, Tesla shared its EV charging connector design in an effort to encourage network operators and automakers to adopt the technology, and help make it the new standard in North America. Tesla calls the standard the North America Charging Standard, or NACS. In May 2023, Ford became the first automaker to reach an agreement with Tesla that would give its EV owners access to the Supercharger network. Existing Ford EV owners would use an adapter to use the Tesla network. But Ford — and soon nearly every other automaker, including GM, Rivian, Honda, Mercedes, Hyundai, Kia, Toyota — also agreed that its future EVs would have the NACS charging port built into its vehicles. Lucid was among the last companies to strike a deal with Tesla. And like the others, Lucid announced that its next EV, the Gravity SUV, would have a built-in NACS charging port.
The Verge
11 hours ago
- Automotive
- The Verge
Lucid now selling its own NACS charging adapter.
All the news about EV charging in the US See all Stories Posted Jul 22, 2025 at 1:00 PM UTC Lucid now selling its own NACS charging adapter. The adapter will cost $220 and can be ordered on Lucid's website. With it, Lucid Air sedan owners can simply roll up to any Tesla Supercharger station and plug in. Charging sessions can be initiated and paid for through the Lucid app. Of course, Lucid Gravity owners won't need to bother with the adapter since their electric SUV comes with a native NACS port. Lucid is also announcing a bump in the 2026 Air Touring's range to 431 miles — maintaining the California company's perch as king of the range among all other EVs.
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Why Lucid Stock Is Sinking Today
Key Points Lucid stock posted big gains last week after the announcement of a robotaxi partnership with Uber, but it's pulling back today. Comments from "Mad Money" host Jim Cramer could also be adding to bearish pressures today. Lucid stock is still a speculative play, but the Uber partnership has the potential to be a major performance catalyst for the company. 10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) stock is losing ground in Monday's trading. The electric vehicle (EV) specialist's share price was down 7.2% as of 2:45 p.m. ET amid the backdrop of a 0.5% gain for the S&P 500 index and a 0.7% gain for the Nasdaq Composite index. The broader market is rallying again today, but the bullish momentum hasn't been enough to prevent sell-offs for Lucid stock. The company saw explosive valuation gains last week after it announced a partnership with Uber Technologies, but its stock is seeing a pullback as investors reassess the significance of the deal. Lucid stock pulls back following big Uber deal pop Last Thursday, Lucid and Uber announced a significant new robotaxi partnership. Uber will be purchasing 20,000 or more Lucid vehicles over the next six years and outfitting them with self-driving software from Nuro. Uber has also invested $300 million into Lucid. The news prompted a huge rally for Lucid stock, but the rally is losing steam today. In addition to general profit taking on the stock, the extent of today's sell-off may also have roots in recent comments made by Mad Money host Jim Cramer. Speaking on his CNBC show, Cramer downplayed the significance of the deal and indicated that he didn't think that Lucid was a worthwhile investment. What's next for Lucid? As a speculative play in the EV market, Lucid stock will likely continue to see high levels of volatility. On the other hand, the company's partnership with Uber could wind up being a much bigger deal than Cramer is suggesting. For reference, the company delivered a total of 10,241 vehicles last year. While the Uber deal for 20,000 vehicle deliveries is spread out over six years, the figure is roughly double last year's sales total. Having its vehicles as a key part of Uber's robotaxi fleet also has the potential to create beneficial marketing impacts for Lucid. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Yahoo
a day ago
- Automotive
- Yahoo
Lucid Rockets Higher After 2 Massive Announcements
Key Points Uber will take 20,000 Lucid vehicles with driverless technology for a robotaxi service. Uber's service will start late next year; a Lucid-Nuro prototype is already in testing. Lucid's reverse stock split, if completed, likely won't be well received by the market. 10 stocks we like better than Lucid Group › Don't look now but Lucid Motors (NASDAQ: LCID) just received another boost of momentum, shooting the stock over 40% higher Thursday. The driving force behind its move higher was blasted across headlines: Uber Technologies (NYSE: UBER) to invest $300 million in Lucid to form robotaxi partnership. The great news for investors is that aside from the phenomenal opportunity it presents, is that it could be the last thing it needs to prove to Wall Street. More on this in a second. But don't overlook the second announcement Lucid made Thursday regarding a potential reverse stock split. Let's dive into both developments and what they mean for investors. Show me the money! Uber is the driving force behind this three-headed monster partnership. The deal calls for a new robotaxi service that will take an industry-leading, software-defined vehicle of Lucid's new Gravity SUV, infuse it with Nuro's level 4 autonomy system, and deliver a robotaxi service using Uber's vast global network and fleet management. Uber is targeting a fleet of 20,000 or more Lucid vehicles over the next six years, and the first Lucid-Nuro robotaxi prototype is already operating autonomously on a closed circuit course at Nuro's Las Vegas operations. This deal is big news for Lucid, and the 20,000 vehicles evenly spread over six years is still massive considering the automaker delivered just under 6,500 vehicles for the first half of 2025 and hopes to deliver roughly 20,000 for the full year after accelerating production for the Gravity SUV as we speak. But this development goes beyond the vehicle demand, and it goes beyond the liquidity Uber's $300 million investment represents. This could finally prove to Wall Street that Lucid not only has the advanced technology needed to produce high-quality vehicles but demand for its technology from other companies. Lucid investors should have been insanely jealous when rival EV maker Rivian inked a partnership with Volkswagen to supply the former's technology and software stack for use in Volkswagen vehicles in a deal worth $5.8 billion. "This investment from Uber further validates Lucid's fully redundant zonal architecture and highly capable platform as ideal for autonomous vehicles, and our industry-leading range and spacious well-appointed interiors, as ideal for ridesharing," said Marc Winterhoff, interim CEO at Lucid, in a press release. "This is the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market." Reverse stock split? Another development that was mostly overlooked thanks to the bombshell Uber and Nuro partnership, perhaps by public relations' design, was that Lucid filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) to enact a special stockholders' meeting to authorize a reverse stock split of the company's class A common stock at a ratio of one-for-ten (1:10). Essentially, Lucid will consolidate its shares, and investors will receive one new share for every 10 of the old shares, and the price per share will multiply by 10. The value investors own is the same, and Lucid's market capitalization won't change; it'll simply boost the trading price of Lucid shares. Generally, a reverse stock split is not looked at favorably by the market, and oftentimes it's a company in financial distress, with a falling stock price and in danger of being delisted by a major stock exchange. In this case, with Lucid trading above $3 currently, the company isn't in immediate danger of being delisted as it would need to trade below $1 for 30 consecutive trading days. For Lucid, this is simply an attempt to make its stock more attractive to large investors that often have a minimum stock price they're allowed to invest in. Many institutional investors and mutual funds have this. What it all means Thursday was a very good day for Lucid. It proved it can package its technology for new revenue streams and inked a highly valuable investment worth $300 million from Uber, all while getting its product out in front of more and more consumers. This is exactly the type of deal Lucid investors were hoping for even if it isn't nearly as lucrative as Rivian's joint venture with Volkswagen. Furthermore, while the market generally disapproves of reverse stock splits, Lucid's doesn't appear to raise the typical red flags. As always, Lucid remains a high-risk, high-reward stock, and it isn't for the faint of heart as big swings such as Thursday's are sure to take place over the next few years. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Lucid Rockets Higher After 2 Massive Announcements was originally published by The Motley Fool Sign in to access your portfolio
