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Globe and Mail
an hour ago
- Globe and Mail
Why Shares of Lucid Are Accelerating Higher Today
Key Points Luxury EV maker Lucid is helping Uber to build a robotaxi fleet. The launch of the robotaxi service is expected in 2026. Uber plans on developing a fleet of 20,000 Lucid robotaxis or more. 10 stocks we like better than Lucid Group › There hasn't been a lot to power either the bulls or the bears over the past few days with respect to Lucid Group (NASDAQ: LCID). Shares of the luxury electric car (EV) manufacturer have mostly idled this week. After the stock closed at $2.29 last Friday, it closed at $2.29 again yesterday. Lucid announced a new partnership with Uber today, however, and it has the bulls' hearts racing. As of 10 a.m. ET, shares of Lucid are up 30.1%. Lucid is helping to build a robotaxi fleet Over the next six years, Uber plans on developing a fleet of 20,000 (or more) Lucid vehicles that will operate as robotaxis, which Uber will own and operate or its third-party fleet partners. Riders will have exclusive access to the robotaxi service through the Uber platform. Waxing optimistic about the company's potential, Marc Winterhoff, Lucid's interim CEO, stated, "This is the start of our path to extend our innovation and technology leadership into this multitrillion-dollar market." The robotaxi fleet will feature Lucid Gravity EVs that incorporate autonomous driving software from Nuro, a leader in self-driving car technology. The robotaxis will operate at Level 4 autonomy. To help support the development of the robotaxi fleet, Uber will make multimillion-dollar investments in Lucid, as well as Nuro. The companies expect the robotaxi service to launch in 2026 in a major U.S. city. Is it too late to go for a ride with Lucid stock? With Tesla so often receiving the lion's share of attention with robotaxi service, it's no wonder that Lucid investors are racing to pick up shares on news of the partnership with Uber. For prospective investors considering a position in Lucid, there's no rush to pile into the stock right now, but this is certainly an encouraging development for the company and may portend similar deals in the future for robotaxi service. 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 $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,059% — 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
CTV News
2 hours ago
- CTV News
MPI increasing capacity for Driver Z program
Manitoba Public Insurance (MPI) is increasing the number of spots available for its popular high school education program. On Wednesday, the Crown corporation announced it increased capacity for the fall session of Driver Z to nearly 4,700 seats, including 2,126 outside of Winnipeg. This is an increase of 500 spots since the fall 2024 session when it offered 4,200 seats available. MPI noted that this puts it on track for 10,000 seats this year, which will bring it back to pre-pandemic registration levels. MPI added that registration for the Driver Z fall session will begin on July 23 at 8 a.m. The program, which is offered in communities around the province, uses a mix of e-lessons, virtual and in-person classes, and in-car sessions to help students learn to drive safely. MPI will post the Driver Z course finder on July 18 so customers can pre-plan which course works best for them. Parents are also encouraged to complete the first few steps of registration, including setting up the new driver as an MPI customer and purchasing the Driver Z program, before registration day. On the day of registration, parents and guardians can sign up their child for the program at an Autopac broker or MPI service centre, through the MPI Contact Centre at 204-985-7000 or by calling the MPI driver education phone line at 204-985-7199.
CTV News
2 hours ago
- CTV News
Honda Indy road closures now in effect. Here is the full list
The Ontario Honda Dealers Indy Toronto is back in Toronto and there are a number of road closures in effect. While the race itself doesn't start until exactly 12:22 p.m. Sunday, July 20, practice and qualifying sessions will be in full swing starting Friday. As such, the city closed Lake Shore Boulevard West, between Strachan Avenue and Ontario Drive, and Strachan Avenue, between Fleet Street and Lake Shore Boulevard West, on Wednesday. The closures are expected to remain in place until at least Monday, July 21. If the Sunday event is delayed or cancelled, the city says the final race will be held on Monday.
