TLDR
- Lucid Group stock surged 35% following announcement of partnership with Uber and Nuro for 20,000 Gravity SUVs as autonomous robotaxis over six years
- Air sedan owners gained access to Tesla’s Supercharger network, pushing shares up another 11% to $3.13
- The robotaxi deal could generate $1.6 billion in revenue at $80,000 per vehicle retail price
- Tesla charging requires $220 adapter and reduces charging speed from 300kW to 50kW
- Wall Street maintains cautious Hold rating with average price target of $2.91
Lucid Group stock has experienced a dramatic turnaround in recent weeks. The electric vehicle maker saw shares climb 35% following news of a major partnership. Then another 11% boost came from Tesla charging network access.
The rally started with Lucid’s announcement of a deal with Uber and autonomous driving company Nuro. Under the agreement, 20,000 Lucid Gravity SUVs will serve as robotaxis over the next six years. The vehicles will use Nuro’s self-driving technology.
A prominent investor known as “On the Pulse” called the partnership a potential game-changer. The 5-star rated analyst sits in the top 1% of TipRanks stock professionals. They see the deal addressing Lucid’s biggest challenge – scaling up deliveries.
The financial math looks promising. Each Gravity SUV carries an $80,000 retail price tag. The full 20,000-unit deployment could generate $1.6 billion in revenue even spread across six years.
The timing aligns with explosive growth projections for the robotaxi market. Industry forecasts show the global market exceeding $3 trillion by 2033. This gives Lucid entry into one of mobility’s fastest-growing sectors.
Tesla Network Opens New Doors
The second boost came from Tesla Supercharger network access. Air sedan owners can now charge at Tesla stations across the United States. The integration begins at the end of this month.
However, there’s a practical catch. Air owners need a $220 adapter to connect with Tesla’s charging infrastructure. The adapter also reduces charging speeds dramatically.
Lucid’s Air sedan normally charges at 300kW peak rates. With the Tesla adapter, that drops to around 50kW. This translates to roughly 200 miles of range per hour instead of the 15-minute top-ups possible with native Lucid charging.
The slower speeds make Tesla charging more of a backup option. Road trippers and urban drivers with limited charging choices will likely find it most useful. Still, access to Tesla’s vast network removes a key barrier for potential buyers.
Market Response Mixed
The recent momentum pushed Lucid shares to $3.13 during Tuesday trading. The stock had spent much of 2025 hovering around the $3 level before these catalysts emerged.
Despite the rally, Wall Street analysts remain cautious about Lucid’s prospects. The consensus rating stands at Hold with seven analysts recommending that position. Only one analyst rates the stock a Buy while one suggests Sell.
The average price target of $2.91 implies roughly 6% downside from current levels over the next 12 months. This suggests professional investors see the recent gains as potentially overextended.
Tesla’s Supercharger network is becoming the standard for US electric vehicles. Ford, General Motors, Rivian, and now Lucid have all joined the charging ecosystem. This trend could create congestion as more non-Tesla vehicles compete for charging spots.
On the Pulse maintains optimism about Lucid’s trajectory. The investor assigned a Buy rating and sees improved risk-reward dynamics from the partnership. They believe the robotaxi deal gives smaller EV companies like Lucid a unique path into autonomous vehicles.
Lucid delivered 3,109 vehicles in Q1 2025, marking a 58% year-over-year increase and the fifth consecutive quarter of record production.
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