Latest news with #Nuro
Malaysian Reserve
2 days ago
- Automotive
- Malaysian Reserve
Uber to deploy robotaxis with Lucid, Nuro
UBER Technologies Inc is teaming up with electric vehicle (EV) maker Lucid Group Inc and self-driving tech startup Nuro Inc to launch a robotaxi fleet. Uber announced on July 17 it or its third-party partners will purchase and operate Lucid Gravity SUVs outfitted with Nuro Driver technology on its ride-sharing network. The company aims to launch the first vehicle later in 2026 in an unidentified major US city, with plans to deploy at least 20,000 of the robotaxis over six years. The ride-sharing company also announced it's making separate multi-hundred-million-dollar investments in both Lucid and Nuro. That funding will include US$300 million (RM1.41 billion) for Lucid that will be used in part to upgrade to its assembly line to integrate Nuro hardware into the Gravity vehicles, according to the EV company. Lucid won't have issues delivering enough vehicles to meet demand from both Uber and its retail consumer base, the car-maker's interim CEO Marc Winterhoff said. 'We have enough capacity to accommodate both,' he said, while acknowledging Lucid still has 'some issues to overcome' as it ramps up production. 'I don't foresee any shortages.' Lucid shares soared 38% — the biggest gain in more than two and a half years — to US$3.15 on July 17 in regular trading in New York. Uber shares were little changed. Separately, Lucid also said it plans a one-for-10 reverse stock split, subject to shareholder approval. Winterhoff said in the interview the split isn't an effort to avoid delisting, but rather a way to make it easier to attract new investors. The Lucid-Nuro deal adds to more than a dozen partnerships that Uber has announced with autonomous vehicle tech developers and carmakers, including Waymo LLC and Volkswagen Group of America, as it aims to be the go-to commercial app for robotaxis. Last two weeks, Uber announced a partnership with Chinese AV maker Baidu Inc to deploy robotaxis in several non-US markets. Currently autonomous rides are available through the Uber app in Phoenix, Austin, Atlanta and Abu Dhabi. The substantial investments by Uber further underscore its strategy shift away from developing autonomous technology in-house, as it did under co-founder and former CEO Travis Kalanick, in favour of partnering with and investing in firms that specialise in AV. Uber has monetised some of its equity stakes in firms such as autonomous freight company Aurora Innovation Inc to fund future investments in the driverless ecosystem, CEO Dara Khosrowshahi has said. Competition is intensifying in the still-nascent robotaxi market, with EV giant Tesla Inc rolling out its long-promised service in Austin last month and CEO Elon Musk pledging to expand to other cities. Uber first partnered with Nuro in 2022 on food delivery robots. The following year Nuro pivoted from building and scaling custom AVs to focusing on developing autonomous software. The Uber partnership also adds a notable customer for Lucid, one of the few pure play EV makers in the US, as it works to popularise Gravity, its second vehicle model. The company has been working to amp up production and deliveries and has estimated it will produce 20,000 vehicles in 2025, more than double the year before. Prototype robotaxis developed by Lucid and Nuro are already in operation on Nuro's Las Vegas closed-circuit testing grounds. Nuro president Dave Ferguson, who declined to specify the amount of funding it's getting from Uber, told Bloomberg TV in a separate interview that his company and Lucid were able to get a prototype vehicle up and running in about seven weeks. Winterhoff said Uber chose its SUV because the company can integrate the necessary hardware at its factory. Nuro's software will be added once Uber receives the vehicles. Winterhoff had said in a call with investors in May that the company was in advanced discussions with partners about using Gravity for autonomous vehicle purposes. 'This is a stepping stone on our journey to expand our tech leadership from EV and licensing into partnerships in other areas,' Winterhoff said. 'A lot can happen in six years. I really see this as the first starting point.' Lucid also has been working on advanced driver systems and announced earlier this year that it had partnered with King Abdullah University of Science and Technology in Saudi Arabia. Winterhoff said the company still plans to work on its own autonomous and driver assistance technology. This week Lucid separately announced it's adding hands-free drive and lane change assist to its software suite. — Bloomberg This article first appeared in The Malaysian Reserve weekly print edition
Globe and Mail
5 days ago
- Automotive
- Globe and Mail
Uber Just Made a Huge Investment in Its Robotaxi Future. Here's What Investors Need to Know.
Key Points Uber just allied with EV maker Lucid and autonomous vehicle technology start-up Nuro. The partnership will help give the company more control over its destiny as the world slowly shifts to robotaxis. It's a bold move that comes with some risk, but a smart one to have made. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) is going all-in on autonomous vehicles. The company just committed to a massive multiyear partnership with electric vehicle (EV) maker Lucid (NASDAQ: LCID) and self-driving start-up Nuro in a move that could reshape its future. As part of this new alliance, Uber will make a $300 million investment in Lucid and a separate, "multi-hundred-million-dollar" investment in Nuro. It will then look to deploy at least 20,000 robotaxis built by Lucid and equipped with Nuro's Level 4 autonomous driving tech over the next six years. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » This isn't Uber's first foray into robotaxis, but it is its biggest direct bet on owning an autonomous fleet. The company already had partnerships with Alphabet 's (NASDAQ: GOOGL)(NASDAQ: GOOG) Waymo and May Mobility in the U.S., WeRide in Europe and elsewhere, and in the Middle East. Unlike prior partnerships where Uber mostly provided the user-facing platform, this time it -- and in some cases third-party fleet partners -- will own and operate the vehicles. It's a major shift in strategy and signals that Uber wants more control as the ride-hailing market starts to shift to robotaxis. For its robotaxi fleet, Uber will use Lucid's Gravity SUV, which will then be equipped with Nuro's autonomous vehicle system. The Gravity's long 450-mile range and hardware redundancies make it a great option to use as a robotaxi. Lucid and Nuro have already begun testing prototypes in Las Vegas. Uber makes a big bet in a competitive market This is an important move for Uber. Robotaxis aren't some futuristic vision anymore, they are already on the streets and being used. Waymo is delivering paid autonomous rides in several U.S. cities, while Tesla (NASDAQ: TSLA) just launched a robotaxi pilot in Austin, Texas. The risk for a company like Uber, as the world begins to shift toward robotaxis, is that it could get left out of the picture. If Alphabet and Tesla decide they just want to offer driverless rides directly through their own apps, Uber risks being left out of the equation in the future. As such, Uber's partnership with Nuro and Lucid is a way for it to get more control over its future. The company isn't just licensing Nuro's technology and buying vehicles from Lucid; it's directly investing in both. This is both a defensive and an offensive move, but it was smart to make. However, this bet does not come without risks. Nuro, for its part, has had to reinvent itself. The company was originally focused on using its technology with delivery robots, but after burning through a boatload of cash, it shifted its strategy to licensing its technology to automakers and other companies. This is its first big licensing deal, so we'll have to see how it plays out. Uber's platform advantage At the end of the day, Uber likely isn't going to beat out Tesla or Alphabet on the technology front; however, the company does have some nice advantages. The company has built a strong brand and is a popular app on hundreds of millions of people's phones around the globe. It also has decades of routing and pricing data, as well as expertise in how to manage vehicle supply in a dynamic demand environment. So while a company like Waymo can develop a top-notch autonomous vehicle system, Uber has strong distribution already in place and knows how to operate a fleet. That's why Waymo has teamed up with Uber in cities like Austin and Atlanta. Waymo handles the vehicles and technology, while Uber runs the customer experience. Thus far, the partnership appears to be going well. For example, Uber has said that the average Waymo vehicle in Austin is busier than 99% of its human drivers. With this new Lucid-Nuro partnership, Uber will take this concept to the next level by having more control over vehicle ownership. It's a smart move, but we'll also see how it impacts its other partnerships, including with Waymo. A strong core business gives Uber time Outside of its robotaxi partnerships, Uber's core business is currently running on all cylinders. The company is profitable and generating strong free cash flow. Meanwhile, both its ride-hailing and delivery segments are growing nicely. This will give it time to get its robotaxi fleet off the ground and running. In the first quarter of 2025, its total trips rose 18%, and revenue climbed 14% to $11.5 billion. Mobility revenue increased 15% to $6.5 billion, while delivery grew 18% to $3.8 billion. Profitability metrics are growing even faster. In mobility, EBITDA grew 19% to $1.8 billion, while its delivery EBITDA soared 45% to $763 million. Importantly, the company generated $2.3 billion in free cash flow in the quarter, up 66% from a year ago. The road ahead That said, the future is clearly all about robotaxis. Building out a robotaxi fleet -- even with partners -- costs a lot of money and requires strong execution. Lucid won't begin producing the vehicles until late 2026, and it will take time for production to ramp up. Meanwhile, competition is likely only going to heat up in the interim. That said, Uber isn't sitting still, and it's making multiple bets in the space to make sure it does not get left standing on the side of the road as the market shifts. While not without its risks, this is an important deal for Uber. If the company can become a leader in the robotaxi market, the payoff could be enormous. Investors should be watching closely. Should you invest $1,000 in Uber Technologies right now? Before you buy stock in Uber Technologies, 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 Uber Technologies 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 $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% 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
5 days ago
- Automotive
- Yahoo
Uber Just Made a Huge Investment in Its Robotaxi Future. Here's What Investors Need to Know.
Key Points Uber just allied with EV maker Lucid and autonomous vehicle technology start-up Nuro. The partnership will help give the company more control over its destiny as the world slowly shifts to robotaxis. It's a bold move that comes with some risk, but a smart one to have made. 10 stocks we like better than Uber Technologies › Uber Technologies (NYSE: UBER) is going all-in on autonomous vehicles. The company just committed to a massive multiyear partnership with electric vehicle (EV) maker Lucid (NASDAQ: LCID) and self-driving start-up Nuro in a move that could reshape its future. As part of this new alliance, Uber will make a $300 million investment in Lucid and a separate, "multi-hundred-million-dollar" investment in Nuro. It will then look to deploy at least 20,000 robotaxis built by Lucid and equipped with Nuro's Level 4 autonomous driving tech over the next six years. This isn't Uber's first foray into robotaxis, but it is its biggest direct bet on owning an autonomous fleet. The company already had partnerships with Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Waymo and May Mobility in the U.S., WeRide in Europe and elsewhere, and in the Middle East. Unlike prior partnerships where Uber mostly provided the user-facing platform, this time it -- and in some cases third-party fleet partners -- will own and operate the vehicles. It's a major shift in strategy and signals that Uber wants more control as the ride-hailing market starts to shift to robotaxis. For its robotaxi fleet, Uber will use Lucid's Gravity SUV, which will then be equipped with Nuro's autonomous vehicle system. The Gravity's long 450-mile range and hardware redundancies make it a great option to use as a robotaxi. Lucid and Nuro have already begun testing prototypes in Las Vegas. Uber makes a big bet in a competitive market This is an important move for Uber. Robotaxis aren't some futuristic vision anymore, they are already on the streets and being used. Waymo is delivering paid autonomous rides in several U.S. cities, while Tesla (NASDAQ: TSLA) just launched a robotaxi pilot in Austin, Texas. The risk for a company like Uber, as the world begins to shift toward robotaxis, is that it could get left out of the picture. If Alphabet and Tesla decide they just want to offer driverless rides directly through their own apps, Uber risks being left out of the equation in the future. As such, Uber's partnership with Nuro and Lucid is a way for it to get more control over its future. The company isn't just licensing Nuro's technology and buying vehicles from Lucid; it's directly investing in both. This is both a defensive and an offensive move, but it was smart to make. However, this bet does not come without risks. Nuro, for its part, has had to reinvent itself. The company was originally focused on using its technology with delivery robots, but after burning through a boatload of cash, it shifted its strategy to licensing its technology to automakers and other companies. This is its first big licensing deal, so we'll have to see how it plays out. Uber's platform advantage At the end of the day, Uber likely isn't going to beat out Tesla or Alphabet on the technology front; however, the company does have some nice advantages. The company has built a strong brand and is a popular app on hundreds of millions of people's phones around the globe. It also has decades of routing and pricing data, as well as expertise in how to manage vehicle supply in a dynamic demand environment. So while a company like Waymo can develop a top-notch autonomous vehicle system, Uber has strong distribution already in place and knows how to operate a fleet. That's why Waymo has teamed up with Uber in cities like Austin and Atlanta. Waymo handles the vehicles and technology, while Uber runs the customer experience. Thus far, the partnership appears to be going well. For example, Uber has said that the average Waymo vehicle in Austin is busier than 99% of its human drivers. With this new Lucid-Nuro partnership, Uber will take this concept to the next level by having more control over vehicle ownership. It's a smart move, but we'll also see how it impacts its other partnerships, including with Waymo. A strong core business gives Uber time Outside of its robotaxi partnerships, Uber's core business is currently running on all cylinders. The company is profitable and generating strong free cash flow. Meanwhile, both its ride-hailing and delivery segments are growing nicely. This will give it time to get its robotaxi fleet off the ground and running. In the first quarter of 2025, its total trips rose 18%, and revenue climbed 14% to $11.5 billion. Mobility revenue increased 15% to $6.5 billion, while delivery grew 18% to $3.8 billion. Profitability metrics are growing even faster. In mobility, EBITDA grew 19% to $1.8 billion, while its delivery EBITDA soared 45% to $763 million. Importantly, the company generated $2.3 billion in free cash flow in the quarter, up 66% from a year ago. The road ahead That said, the future is clearly all about robotaxis. Building out a robotaxi fleet -- even with partners -- costs a lot of money and requires strong execution. Lucid won't begin producing the vehicles until late 2026, and it will take time for production to ramp up. Meanwhile, competition is likely only going to heat up in the interim. That said, Uber isn't sitting still, and it's making multiple bets in the space to make sure it does not get left standing on the side of the road as the market shifts. While not without its risks, this is an important deal for Uber. If the company can become a leader in the robotaxi market, the payoff could be enormous. Investors should be watching closely. Should you buy stock in Uber Technologies right now? Before you buy stock in Uber Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Uber Technologies 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 $634,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,799!* Now, it's worth noting Stock Advisor's total average return is 1,037% — a market-crushing outperformance compared to 182% 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 Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy. Uber Just Made a Huge Investment in Its Robotaxi Future. Here's What Investors Need to Know. was originally published by The Motley Fool Sign in to access your portfolio
Forbes
5 days ago
- Automotive
- Forbes
Nuro, Uber And Lucid Join Robotaxi Race. Will Luxury Be Key?
Lucid vehicle with Nuro driver added to it for testing Self-driving developer Nuro and Luxury EV maker Lucid have formed a partership with investment from Uber to build a new player in the Robotaxi contest. Each brings an important ingredient, and together they fill an interesting strategic niche--is it the right one? Nuro was formed by two top engineers I worked with in the earliest days of Waymo. Until recently, their goal has been to attack the more tractable pure delivery market with a custom delivery robot about half the size of traditional cars. They received a large investment and hoped to be a delivery service company with their robots. Those robots, which have no place for a human driver, are among the few vehicles to operate without human supervision on public streets in the USA, and indeed the world. They recently announced the plan to pivot towards licencing their self-driving design to partners who want to do robotaxi, delivery or other applications, rather than do it themselves. Uber, most people know, is top brand in selling rides as a service, except in Asia. They do it with semi-independent human drivers. After a failed effort to develop their own self-driving system, which was traded to Aurora for stock, they have recently been booking rides for Waymo and have announced partnerships with several companies developing robotaxis, including VW/MOIA/MobilEye, Momenta, Motional, May and to some degree with WeRide, Baidu, Volvo, AVRide and as noted, Aurora. In this case though, they are making multi-hundred-million dollar investmants in both Lucid and Nuro. Lucid will build the vehicles, integrating Nuro's hardware design into the vehicles. Uber will own them and operate them and integrate them into the Uber app. Lucid is known as a high-end EV maker, though at modest volumes. Their stock saw major gains with this announcement. Lucid has a reputation for quality, and they are one of the very few to create a new car company in the USA recently, but as a luxury OEM, they are to some degree the odd one out in this trio. The partnership calls for the production of at least 20,000 cars over the next 6 years (Lucid currently makes about 10,000 per year but is growing.) Nuro's role is fairly clear. They have the software stack and hardware design. The actual hardware components are largely off-the-shelf including the NVidia Thor processor, and cameras, radars and LIDARs from different suppliers. For now, the software stack is the key component of a robotaxi. While there are many other components, including hardware, vehicles, infrastructure, or the network of riders and app that Uber has, these are not trivial but they are not the rare rocket science ingredient. A software stack ready to deploy in public with sufficient safety takes a lot of work and time, working through a very long tail of problems. It's not easy to duplicate--or so Nuro hopes. Since the robotaxi business is the business of selling rides, Uber's market-leader position is also unique, though the actual components, like the app and the backend, have been built by many companies and aren't that hard to recreate. Building vehicles to spec is a capability found all over the world, though doing it at scale for low cost is harder. Hardware/Vehicle Cost Right now, vehicle hardware cost is not super important for robotaxi developers. Most of them have a literal laser focus on making their system work safely, and reducing cost in the future will be work but requires no breakthroughs. Only Tesla and some lower-funded startups have cared a lot about cost. Now that companies are scaling, the view on that will change. Right now Waymo uses expensive Jaguars, but they planned to switch to low-cost Zeekrs, a plan that may be scuttled by tariffs. They're also working with more mid-priced Hyundai Ioniq 5s. Tesla plans a dedicated Cybercab which takes advantage of the fact that a robotaxi needs far less hardware than a consumer human driven car, they say they will make it for under $30,000. Making cars is Tesla's strong suit. Baidu claims their 6th gen vehicle has a hardware cost of $28,000--the Chinese are the best a low-cost car manufacturing. Amazon's Zoox is making a more expensive custom built vehicle because they believe they can differentiate from competitors with the features found only in the custom vehicle, but in time and at scale it should be possible to make it cheaper. Right now, there's no robotaxi competition. Companies either are alone in their territory, or they are not in active commercial operation with full fleets, so they're not taking business from one another. The question is, when does that change, and when it does, on what do they compete, and how important are price and luxury? When companies begin to compete, the cost of the hardware will start to matter, because depreciation becomes the largest single component of the cost of a robotaxi ride. I estimate from 20-30% of the cost-of-goods sold. There are many factors in which robotaxi services will compete but the largest will be things like cost, wait time, service area and luxury of ride. Waymo's plan was a vehicle based on the Zeekr RT, which starts around $40,000, if not for tariffs. At the start, a luxury ride make sense. Why skimp, when you're trying to make it work and keep customers happy, not improve margins. It's a bit strange, though, because Nuro is touting how their new design with the Lucid saved a lot of money by replacing a lot of processing with the new Nvidia Thor--just to spend it on the Gravity, which typically sells around $100,000. But later this decade they will compete, and margins will matter. It's an open question if, when competing, offering luxury will be important or if price will matter most. Nuro's deal with Lucid doesn't require that all 20,000 cars ordered be the Gravity, so in future a lower cost vehicle could come, though Lucid doesn't currently make one. Nuro also says that because the Gravity is an electric, mostly drive-by-wire vehicle, it already has a fair bit of the hardware and redundencies they want in a design, and this reduces some costs. Uber may place the Lucid in their UberSelect or UberBlack categories, which are pricier than regular UberX, but command higher fees. They are, based on most reports, a much smaller fraction of rides than UberX. Most Uber riders are price-conscious. The coming landscape The picture is blurry, but now we can see some plans that players for the competition that will come later in this decade: All of this is in flux and subject to change. Indeed, in spite of Nuro's announcement of ordering 20,000 Lucid vehicles, there have been many declarations of large orders from other companies, including Waymo, that were just aspirations, and never came to pass.
Yahoo
6 days ago
- Automotive
- Yahoo
Can Lucid Motors Stock Hit $7 in 2025?
Lucid Group's (LCID) biggest headline this year is its blockbuster robotaxi deal with Uber Technologies (UBER) and Nuro. The announcement sent shares soaring on July 17, and brought renewed attention to Lucid's positioning in the autonomous ride-hailing space. Benchmark analyst Mickey Legg described the move as a 'clear strategic win." The analyst also raised his price target to an ambitious $7. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Yet, skeptics caution that Uber or Nuro will own and operate the fleet, which limits Lucid's ability to generate recurring revenue from autonomous services. There are also concerns about execution risk, as Lucid must ramp deliveries sharply to hit its annual target of 20,000 units. Will Lucid be able to navigate these headwinds and hit that ambitious $7 mark? Or is the price target an idealistic stretch that depends on perfection across multiple fronts? About Lucid Stock Lucid is a U.S. electric vehicle (EV) and technology company headquartered in Newark, California. The company, which began delivering luxury EVs in late 2021 and entered the robotaxi space with its Gravity SUV, has a market capitalization of $8.6 billion, placing it among the mid-tier publicly traded automakers. Over the past year, Lucid stock has experienced notable volatility. It began 2025 on a negative note amid concerns over production and delivery. However, the launch of the robotaxi partnership with Uber and Nuro has marked a major inflection point, with LCID stock surging 36% on July 17, its strongest one-day move in over two years. Looking at recent trends, the stock climbed from around $2.30 in mid-July to well above $3 before settling back into the high $2/low $3 range. Over the past month, LCID stock has gained 43%. On a year-to-date (YTD) basis, shares are up just 3.6%. While Lucid seems to be gaining momentum lately, its sky-high valuation raises eyebrows. Priced at 11.48 times sales, LCID stock trades higher than many industry peers. Lucid's Bottom Line Is Still in the Red Lucid released its first-quarter 2025 earnings report on May 6, revealing a 36% year-over-year (YOY) rise in quarterly revenue to $235 million, supported by a record 3,109 vehicle deliveries, a 58% increase from a year ago. The company produced 2,212 units during the quarter and exited with about $5.76 billion in total liquidity. Operationally, Lucid achieved progress, with gross margin improving to -97%, up substantially from -134% in Q1 2024. However, the company remained unprofitable, reporting a non-GAAP net loss of $0.20 per share, compared to a $0.27 loss in the prior-year quarter. Adjusted EBITDA losses narrowed only modestly to $563.5 million. Lucid reaffirmed its full-year 2025 production guidance of approximately 20,000 vehicles, with capital expenditures projected at about $1.4 billion. Analysts expect the company's loss per share to improve 26% YOY to $0.92 in fiscal 2025, then narrow another 29% to a $0.65 per-share loss in fiscal 2026. What Do Analysts Expect for Lucid Stock? Benchmark raised LCID stock's price target to $7 from $5, maintaining a 'Buy' rating after Lucid unveiled the strategic partnership with Uber and Nuro. Under the deal, Lucid will deliver 20,000 Gravity SUVs equipped with Nuro's autonomous driving tech over six years, with the initial vehicles expected to launch in 2026. Uber's subsidiary, SMB Holding, will invest $300 million through a private placement priced at the 30-day volume‑weighted average, with an 18-month lock-up, closing in Q3 2025. However, not everyone is on board with LCID. Some analysts adopt caution, maintaining 'Neutral' or 'Hold' ratings with more conservative targets. Cantor Fitzgerald, for instance, has a 'Neutral' rating with a $3 price target. While it acknowledged Lucid's technological edge and strong liquidity, the firm cited concerns over ongoing high negative margins and potential capital needs if expansion stalls. Stifel also has a 'Hold' rating on Lucid stock with a $3 price target. LCID stock has a consensus 'Hold' rating overall. Of the 13 analysts covering shares, two advise a 'Strong Buy,' nine suggest a 'Hold,' one analyst gives the stock a 'Moderate Sell' rating, and one rates LCID as a 'Strong Sell.' Lucid now trades above its average price target of $2.86. However, Benchmark's Street-high target of $7 signals that shares could rise as much as 124% from current levels. On the date of publication, Subhasree Kar did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
