Latest news with #LucidMotors
Yahoo
3 hours ago
- Business
- Yahoo
Uber Technologies, Inc. (UBER)'s Deal With Lucid Is 'A Dalliance,' Says Jim Cramer
We recently published . Uber Technologies, Inc. (NYSE:UBER) is one of the stocks Jim Cramer recently discussed. Uber Technologies, Inc. (NYSE:UBER) is the leading player in America's ridesharing market. Its shares have gained 43% year-to-date after having enjoyed sizable catalysts from expanding its presence in the robotaxi and autonomous driving markets. Cramer's comments about Uber Technologies, Inc. (NYSE:UBER) came after the firm announced that it was investing in Lucid Motors: '[When asked what he thought about Uber's investmentI mean I, you know could, when I drove a Lucid, it's absolutely a terrific car. And that's the extent of what you should do with it. Drive it. A close up view of a hand holding a smartphone, using a ride sharing app. Previously, the CNBC TV host discussed Uber Technologies, Inc. (NYSE:UBER)'s fundamentals: 'I think that Uber, we're going to look at the fundamentals, and the fundamentals are excellent. I don't think it's going to be contained by $100. I have great ambitions for Uber in my head and think it'll be up for multiple years, and you should own the stock.' While we acknowledge the potential of UBER as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Automotive
- Yahoo
Lucid Soars on Multimillion Uber Deal -- Can It Go Higher Still?
Key Points Lucid claims to have the world's most advanced electric vehicles. Uber will invest $300 million into Lucid. Lucid will use tech provided by Nuro to outfit its vehicles for driverless Uber operations. 10 stocks we like better than Lucid Group › Famous investor Benjamin Graham said: "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." That quote sure holds true today, after Uber Technologies (NYSE: UBER) shook up the market with its announcement that it will deploy a fleet of robotaxis as demand for autonomous driving vehicles begins to fire on all cylinders. If the market is indeed a short-term voting machine, the market has cast its vote, and Lucid Motors (NASDAQ: LCID) looks like the real winner of this partnership. Lucid's stock popped well over 40% on the news, while Uber traded marginally higher. Let's dig into what this massive development means for the young electric vehicle (EV) maker. Best of the best? When it comes to selecting partners for such a massive deal, Uber could have done a lot worse than selecting the EV company that's brash enough to claim "maker of the world's most advanced electric vehicles." More specifically, on Thursday, Uber announced a partnership that would unleash more than 20,000 robotaxis over the next six years. As previously mentioned, part of the partnership includes Lucid, but another partner is also in the mix: Nuro, an autonomous vehicle start-up. It breaks down like this: Uber will invest $300 million in Lucid, while Nuro develops the self-driving technology that Lucid will deploy in its vehicles to supply Uber with robotaxis. "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." This development is a pretty big deal for Lucid. While manufacturing of the 20,000 vehicles in question will be spread over six years and unlikely to start until late next year, it still represents a strong order for the company that just set a quarterly record for deliveries at only 3,309 vehicles, during the second quarter. Moreover, consider that Lucid delivered only 6,418 vehicles during the first half of 2025, and you can understand that 20,000 vehicles for Uber is nothing to sneeze at. In fact, it's about as many vehicles as Lucid hopes to deliver for the full year. Strategic change This partnership marks a new era for Uber, which previously exited the robotaxi space in 2020, and signals that the company's strategy going forward will revolve around partnerships with multiple technology developers. It's also not the only deal Uber is working on. In April, the company announced that Volkswagen will supply its vans for commercial service in Los Angeles next year. While Uber is the driving force behind this multi-million-dollar partnership, it arguably has the roughest road ahead. Driverless vehicle technology has been more challenging and more costly than anticipated, and it's dealing with tight regulations and federal investigations. Those hurdles caused many start-ups to close their doors, including General Motors' Cruise and Ford Motor Company's Argo AI. Uber also has some catching up to do in terms of driverless capabilities. Despite years of delays and missed targets, Tesla did start a pilot program with about a dozen Model Y EVs in Austin, Texas, in June, with plans to expand the service to other U.S. cities later this year. Waymo has also been methodically and quietly growing its operations for years in several U.S. cities with a fleet of roughly 1,500 vehicles. It just crossed 100 million miles of autonomous driving in July. Ultimately, this opens the door to new opportunities for all three companies. But if the market is indeed a voting machine in the short term, there is reason for Lucid investors to be excited. This gets the company's product in front of new customers, in a new addressable market, with partnerships that were once untapped -- it's a big deal, even aside from the $300 million investment. Lucid has a lot of momentum behind it right now, and if the Gravity SUV continues to accelerate its production and deliveries flawlessly, the young EV maker should enter 2026 poised for a tremendous year. While Lucid is likely to give back some of Thursday's large gains, there's little stopping Lucid's stock from climbing higher as deliveries ramp for the Gravity -- especially if the automaker can curb costs and cash burn in the year ahead. 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 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 positions in Ford Motor Company and General Motors. The Motley Fool has positions in and recommends Tesla and Uber Technologies. The Motley Fool recommends General Motors and Volkswagen Ag. The Motley Fool has a disclosure policy. Lucid Soars on Multimillion Uber Deal -- Can It Go Higher Still? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
a day ago
- Automotive
- Daily Mail
I drove an American-made car that's faster than a Ferrari... it's almost the perfect vehicle
A garage attendant eased a fully charged car out of the parking lot. 'My guy,' he said, slowing to a stop beside me after threading the Lucid Air Grand Touring past a Rolls-Royce, a Land Rover, and a Mercedes-Benz. 'This car is special.' I agree. The Lucid Air is about as close to perfect as a car gets. Lucid Motors is a California-based EV startup founded by former Tesla engineers. Backed by Saudi and Uber investments and building its cars in Arizona, Lucid aims to take on legacy automakers like Mercedes and Audi — with Tesla-beating tech under the hood. From the outside, the electric sedan's understated body lines, elegant LED lighting, and athletic stance give it a quietly luxurious presence. Inside, the windshield stretches up and over the driver's head, uninterrupted by a roof seam until just behind the front-row headrests. The elongated window floods the cabin with light and emphasizes the car's minimalist but refined interior. The seats are deeply comfortable, especially in the near-cavernous rear row. Rear passengers can adjust seat temperatures and climate controls through a center-mounted screen — one of many luxury touches that make the car feel like a private jet. During my time with the Air, I pulled up next to BMWs in a grocery store parking lot. Despite BMW's long history of envy-fueled pedestrian glances, my car turned more heads. Lucid may not be a household name yet, but its design draws attention wherever it goes. But the beauty only hints at what really sets the Lucid apart: its performance. The company is, in many ways, an automaker built by engineering nerds. Multiple top executives — including the longtime former CEO Peter Rawlinson — came from Tesla with a mission to build America's most efficient EV. The Air was their first mass-produced effort, and the goal was to exude competence. The result was a car that is hyper-efficient and manically fast. The Lucid Air just broke a world record after posting an over-700-mile trip on one charge Our Grand Touring model was capable of reaching 60 mph in just three seconds — quicker than most Ferraris. It's not even the fastest Lucid shoppers can buy. Drivers craving even more speed can opt for the Sapphire trim, which packs more than 1,200 horsepower and rockets to 60 in just 2.1 seconds. Lucid's battery technology should also put even the most skeptical EV drivers at ease. The Grand Touring delivers a jaw-dropping 512 miles of range — one of the longest of any electric vehicle on the road today — and can add over 200 miles in just 15 minutes at a fast-charging station. The Air supports the CCS charging standard, meaning it works with most public fast-charging networks like Electrify America and EVgo. Future Lucid models will be able to plug into Tesla's Supercharger network with NACs plugs. Once charged, the Lucid is able to sip that energy at record-producing rates. Last month, Lucid clinched a Guinness World Record after an Air Grand Touring drove 749 miles on a single charge during a test in Europe. Still, as may be expected with its gob-smacking engineering prowess and genuine beauty, the Air suffers from the same premium problem that haunts most EV startups: price. A base model Lucid Air starts at just under $70,000. The fastest version sells for $249,000. Our tester, equipped with premium leather, an added color package, massaging front seats, and extra driver safety systems, carried a price tag of $134,200. The Lucid Air Grand Touring isn't just a pretty face and a good sprinter — it's extremely well polished.
Yahoo
2 days ago
- Automotive
- Yahoo
Here's Why Lucid Stock Could Double and Jump to $5
Key Points Lucid delivered a record number of vehicles during Q2. The EV maker has seven quarters in a row with increasing deliveries. Lucid has liquidity to last until the second half of 2026 before needing capital. 10 stocks we like better than Lucid Group › Right now, if you're looking for stocks that can potentially double in the near term, one of the last places investors would look is within the automotive industry. But as they say, don't judge a book by its cover. Because there's an emerging electric vehicle (EV) story, one that's accelerating slower than anticipated, but still growing. And if you're looking for an EV maker with momentum, you might want to glance at Lucid Motors (NASDAQ: LCID). Sales race higher It's not easy being a young EV maker. You're attempting to break into a new category, often as an entirely new brand, with low production volume and high costs. It's a rough business right now. Throw in the fact that the current government administration is throwing curveballs left and right with tariffs, and the automotive industry is certainly complicated. But don't tell that to Lucid. The young EV maker just delivered a record number of vehicles during the second quarter. If you're counting, that makes the seventh straight quarter with year-over-year gains in deliveries. Lucid delivered a record 3,309 vehicles, and it was enough -- or perhaps it was the seven quarters in a row -- to catch an eye of at least one analyst. Benchmark analyst Mickey Legg wrote in a note to investors, per the EV blog, "After meeting with LCID's CFO Taoufiq Boussaid on Tuesday and reviewing Q2 production and deliveries, we remain confident in the company's path to scale." While Lucid has dished out quarter after quarter of sales records, it still has to live up to its own guidance. Lucid plans to produce and deliver roughly 20,000 vehicles in 2025, and with deliveries checking in at 6,418 vehicles during the first six months, the automaker will need to roughly double its delivery output during the back half of the year to meet targets. With those projections looming large, it's good timing that Lucid's Gravity SUV is currently accelerating production to drive toward consumers after fulfilling orders for employees and showrooms, among other destinations. Not only is the Gravity priced far below its luxury Air sedans, but the luxury SUV market is much larger than luxury sedans, and Lucid projects the addressable market for the Gravity SUV will be roughly six times as large as the Air sedan market. Can Lucid double its stock price? For Lucid to double its stock price, around the $5 mark where Legg has set his price target for the company, it will need to cross a few things off its checklist. Lucid will need to nearly flawlessly ramp up the production of the Gravity SUV and start driving deliveries higher. Meanwhile, Lucid will also need to work on cost cuts and efficiency to begin making progress toward gross profitability -- much like its competitor Rivian has done for two straight quarters -- to prove it can scale its business. Lucid will also need to convince investors that it has the capital to last until breakeven, which is highly unlikely, or that it has enough promise to warrant more capital investment. The good news is that at the end of the first quarter, Lucid had $5.76 billion in total liquidity, which should be enough capital to fuel its operations until the second half of 2026. That's also around a major milestone for the company, as it expects its midsize platform, which will spearhead at least three electric SUVs, to arrive. Ultimately for investors, Lucid has a number of qualities, momentum, and catalysts needed to potentially double. But with current EV market sentiment the way it is, and the administration pulling broader support of EVs, it's going to be an uphill battle in 2025. That said, investors who are willing to accept significant risk should keep an eye on Lucid in 2026. That's when EV sentiment could turn around and accelerate, its Gravity will be shipping in full force, anticipation for its upcoming midsize SUVs will be growing, it should make progress toward gross profitability and, if it's still setting quarterly delivery records, it just might reach that $5 mark. 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 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Here's Why Lucid Stock Could Double and Jump to $5 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The National
4 days ago
- Automotive
- The National
Uber partnering with Saudi-backed Lucid and Nuro to launch robotaxis in 2026
Uber Technology has teamed up with Saudi Arabia-backed electric vehicle maker Lucid Motors and US robotics company Nuro to launch a global robotaxi programme, as the race towards self-driving transport accelerates. San Francisco-based Uber will be making 'multi-hundred-million dollar investments' in both Lucid and Nuro for the robotaxis, with the first service to be launched in a 'major US city' in the latter part of 2026, Uber said on Thursday. Uber plans to use at least 20,000 Lucid vehicles equipped with the level-4 Nuro Driver platform through six years, it said. The first Lucid-Nuro robotaxi prototype is already operating autonomously on a closed circuit in Las Vegas. Level 4 refers to the second-highest of the six levels of vehicle autonomy, which run from 0 to 5, in which vehicles do not require human intervention under most circumstances. Level 5, the highest, requires no human attention and vehicles under this status may not even have steering wheels or pedals. Nuro Driver is able to 'mimic safe natural driving behaviour, integrating an end-to-end AI model with reliable safeguards for precision and reliability', according to its website. 'Autonomous vehicles have enormous potential to transform our cities for the better,' Dara Khosrowshahi, chief executive of Uber, said. Driverless, or autonomous, vehicles, are seen as the future of transport, and major companies are racing to make advancements in its technologies, trying to perfect their platforms. These vehicles, in which billions of investments have been poured into, are meant to support the sustainable transport agenda countries are aiming for. However, there has been a lot of debate on when fully autonomous vehicles will become roadworthy. A number of reports have shown that it may take quite a while, with a 2023 study from GlobalData suggesting it would take 20 years to achieve this level of innovation. The Uber-Lucid-Nuro partnership would be 'the start of our path to extend our innovation and technology leadership into this multi-trillion-dollar market', said Marc Winterhoff, interim chief executive of Lucid, which is backed by Saudi Arabia's Public Investment Fund. The National has reached out to the companies seeking comment on whether the service would be brought to other regions, including Saudi Arabia and the UAE. Uber said its operations in 70 countries and an average of 34 million trips per day will give it the resources necessary to 'make the benefits of self-driving vehicles accessible … to people everywhere'. Nuro, meanwhile, will lead the development and validation of comprehensive safety cases across dozens of categories using simulations, closed course testing and supervised on-road testing to verify that the robotaxi will operate safely, it said.
