TLDR
- Lucid Group partnered with Uber and Nuro to deploy 20,000 autonomous Gravity SUVs as robotaxis over six years
- Uber invested $300 million in Lucid as part of the partnership deal
- LCID stock surged 42% since the announcement, with shares jumping 11% on July 23, 2025
- Lucid Air models gained access to Tesla’s network of over 23,500 Superchargers
- Despite market optimism, analysts maintain mostly “Hold” ratings with average price target of $2.68
Lucid Group stock has been on a wild ride lately, and for good reason. The electric vehicle maker just landed a deal that could change everything.
The company announced a partnership with Uber and autonomous driving firm Nuro to launch a global robotaxi service. This isn’t just another partnership announcement that gets forgotten in a week.
Under the agreement, they’ll deploy over 20,000 Lucid Gravity SUVs as autonomous vehicles with Level 4 autonomy over the next six years. That’s a lot of SUVs hitting the road.
Uber sweetened the deal by investing $300 million directly into Lucid. The market clearly liked what it saw.
LCID shares jumped 11% on July 23, 2025, reaching $3.13. The stock closed at $3.30 on July 22 before the latest surge.
Since the initial partnership news broke, shares have climbed an impressive 42%. The company’s market capitalization now sits at about $9.55 billion.
The Numbers Behind the Deal
The financial potential here is hard to ignore. With the Gravity SUV carrying a retail price of $80,000, a full 20,000-unit deployment could generate $1.6 billion in revenue.
Even spread across six years, that’s serious money for a company still working toward profitability. The global robotaxi market is projected to exceed $3 trillion by 2033.
One top investor, known by the pseudonym “On the Pulse,” sees this as a game-changer. The 5-star investor notes that the deal “addresses Lucid’s biggest weakness—slow delivery scale-up.”
The timing couldn’t be better for Lucid to enter the autonomous vehicle market. The company delivered 3,109 vehicles in Q1 2025, marking a 58% year-over-year increase and the fifth consecutive quarter of record output.
Tesla Supercharger Access Adds Value
Beyond the robotaxi partnership, Lucid scored another win for its customers. Lucid Air models can now access Tesla’s network of over 23,500 Superchargers.
This move addresses one of the biggest concerns EV buyers have – charging infrastructure. Tesla’s Supercharger network is widely considered the gold standard.
The access gives Lucid owners significantly more charging options across the country. It’s the kind of practical improvement that could boost sales.
Major institutional investors are taking notice too. Bank of New York Mellon increased its stake by 4.5% in the first quarter of 2025.
Other institutional investors have been building positions as well. The increased institutional interest suggests confidence in Lucid’s long-term prospects.
However, the company still faces real challenges. Lucid posted a net margin of -275.73% in the recent quarter, showing it’s still burning through cash.
The path to profitability remains unclear despite these positive developments. The company continues to struggle with negative margins across its operations.
Wall Street analysts remain cautious about the stock. Most analysts currently rate LCID as “Hold” with a mix of sell, hold, and buy recommendations.
The average price target sits around $2.68, suggesting analysts see limited upside from current levels. With 7 Hold ratings versus just 1 Buy and 1 Sell, the consensus remains neutral.
The robotaxi partnership represents Lucid’s biggest opportunity to scale up quickly. Traditional auto sales have been slow to ramp up for the company.
The deal with Uber and Nuro provides a clear path to volume production. It also positions Lucid in the fast-growing autonomous vehicle sector.
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