Latest news with #Nuro
Yahoo
14 hours ago
- Automotive
- Yahoo
Uber to Roll Out 20,000 Lucid Gravity Robotaxis with Nuro Self-Driving Tech
Lucid Group (LCID, Financials) is going driverless and it's doing it in style. The EV maker has inked a game-changing partnership with Uber (UBER, Financials) and autonomous tech firm Nuro to launch a global fleet of robotaxis starting next year. Warning! GuruFocus has detected 4 Warning Signs with LCID. The alliance is a first-of-its-kind mashup: Lucid's Gravity SUV, Nuro's Level 4 self-driving system, and Uber's rideshare muscle all wrapped into a premium autonomous experience, purpose-built for the Uber app. The rollout kicks off in 2026 with 20,000 Lucid Gravity vehicles planned over six years. Uber is backing the move with a $300 million investment in Lucid and an undisclosed amount in Nuro. The prototype Gravity robotaxi is already up and running at Nuro's Las Vegas proving grounds, operating fully autonomously on a test track. Lucid's interim CEO Marc Winterhoff called the partnership a validation of the company's fully redundant zonal architecture and said the deal puts Lucid at the forefront of a multi-trillion-dollar autonomous mobility market. This is only the beginning, Winterhoff said. The robotaxis will be operated and maintained by Uber and its partners, available exclusively through the Uber app. While the first wave will feature Lucid Gravity SUVs, the companies hinted that Lucid's upcoming midsize EVs may be added later. The announcement comes at a pivotal moment for Lucid. With production finally ramping, record Q2 deliveries, and plans for more affordable EVs, this alliance could cement its place in the next phase of electric mobility with no drivers required. This article first appeared on GuruFocus. 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
Uber to Roll Out 20,000 Lucid Gravity Robotaxis with Nuro Self-Driving Tech
Lucid Group (LCID, Financials) is going driverless and it's doing it in style. The EV maker has inked a game-changing partnership with Uber (UBER, Financials) and autonomous tech firm Nuro to launch a global fleet of robotaxis starting next year. Warning! GuruFocus has detected 4 Warning Signs with LCID. The alliance is a first-of-its-kind mashup: Lucid's Gravity SUV, Nuro's Level 4 self-driving system, and Uber's rideshare muscle all wrapped into a premium autonomous experience, purpose-built for the Uber app. The rollout kicks off in 2026 with 20,000 Lucid Gravity vehicles planned over six years. Uber is backing the move with a $300 million investment in Lucid and an undisclosed amount in Nuro. The prototype Gravity robotaxi is already up and running at Nuro's Las Vegas proving grounds, operating fully autonomously on a test track. Lucid's interim CEO Marc Winterhoff called the partnership a validation of the company's fully redundant zonal architecture and said the deal puts Lucid at the forefront of a multi-trillion-dollar autonomous mobility market. This is only the beginning, Winterhoff said. The robotaxis will be operated and maintained by Uber and its partners, available exclusively through the Uber app. While the first wave will feature Lucid Gravity SUVs, the companies hinted that Lucid's upcoming midsize EVs may be added later. The announcement comes at a pivotal moment for Lucid. With production finally ramping, record Q2 deliveries, and plans for more affordable EVs, this alliance could cement its place in the next phase of electric mobility with no drivers required. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
20 hours ago
- Automotive
- Yahoo
Why Lucid Group Stock Dropped Today
Key Points Uber will bring Lucid's Gravity SUVs to a major U.S. city for a robotaxi rollout by next year. While the deal is encouraging, the 20,000 Gravity SUVs included in the deal don't radically change Lucid's sales. 10 stocks we like better than Lucid Group › Shares of Lucid Group (NASDAQ: LCID) fell on Monday. The luxury electric vehicle (EV) maker's stock had dropped 7.9% as of 3:10 p.m. ET. The drop came as the S&P 500 and Nasdaq Composite were up by 0.4% and 0.5%, respectively. The stock is seeing a retreat after a major jump following last week's announcement that it has inked an important deal with Uber Technologies. Lucid nets a win On Thursday, the company announced that it is partnering with Uber and the autonomous driving company Nuro to bring robotaxis to a "major U.S. city" by next year. Nuro's technology will be integrated into Lucid's Gravity SUVs, helping boost sales of the company's new vehicle. News of the partnership sent Lucid stock flying; however, it seems to be retreating somewhat as investors digest details of the partnership. Although the 20,000 SUVs Uber intends to purchase are a boon for Lucid, the deal is spread out over six years, meaning the 3,000 to 4,000 vehicles Lucid would deliver per year would not transform its delivery numbers. Furthermore, the "multi-hundred-million-dollar" investment Uber intends to make in Lucid could lead to stock dilution. Challenges remain Lucid continues to struggle to turn a profit, and its sales volume is much lower than it needs to be. While the company's Gravity sales have been encouraging, they are still lagging behind targets set by the company itself. I have serious doubts Lucid can execute a turnaround, especially given the relative softness of the broader EV market. 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 21, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Why Lucid Group Stock Dropped Today 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
Globe and Mail
21 hours ago
- Automotive
- Globe and Mail
Why Lucid Stock Is Sinking Today
Key Points Lucid stock posted big gains last week after the announcement of a robotaxi partnership with Uber, but it's pulling back today. Comments from "Mad Money" host Jim Cramer could also be adding to bearish pressures today. Lucid stock is still a speculative play, but the Uber partnership has the potential to be a major performance catalyst for the company. 10 stocks we like better than Lucid Group › Lucid Group (NASDAQ: LCID) stock is losing ground in Monday's trading. The electric vehicle (EV) specialist's share price was down 7.2% as of 2:45 p.m. ET amid the backdrop of a 0.5% gain for the S&P 500 index and a 0.7% gain for the Nasdaq Composite index. The broader market is rallying again today, but the bullish momentum hasn't been enough to prevent sell-offs for Lucid stock. The company saw explosive valuation gains last week after it announced a partnership with Uber Technologies, but its stock is seeing a pullback as investors reassess the significance of the deal. Lucid stock pulls back following big Uber deal pop Last Thursday, Lucid and Uber announced a significant new robotaxi partnership. Uber will be purchasing 20,000 or more Lucid vehicles over the next six years and outfitting them with self-driving software from Nuro. Uber has also invested $300 million into Lucid. The news prompted a huge rally for Lucid stock, but the rally is losing steam today. In addition to general profit taking on the stock, the extent of today's sell-off may also have roots in recent comments made by Mad Money host Jim Cramer. Speaking on his CNBC show, Cramer downplayed the significance of the deal and indicated that he didn't think that Lucid was a worthwhile investment. What's next for Lucid? As a speculative play in the EV market, Lucid stock will likely continue to see high levels of volatility. On the other hand, the company's partnership with Uber could wind up being a much bigger deal than Cramer is suggesting. For reference, the company delivered a total of 10,241 vehicles last year. While the Uber deal for 20,000 vehicle deliveries is spread out over six years, the figure is roughly double last year's sales total. Having its vehicles as a key part of Uber's robotaxi fleet also has the potential to create beneficial marketing impacts for Lucid. 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 $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 21, 2025
Yahoo
a day ago
- Automotive
- Yahoo
Lucid Rockets Higher After 2 Massive Announcements
Key Points Uber will take 20,000 Lucid vehicles with driverless technology for a robotaxi service. Uber's service will start late next year; a Lucid-Nuro prototype is already in testing. Lucid's reverse stock split, if completed, likely won't be well received by the market. 10 stocks we like better than Lucid Group › Don't look now but Lucid Motors (NASDAQ: LCID) just received another boost of momentum, shooting the stock over 40% higher Thursday. The driving force behind its move higher was blasted across headlines: Uber Technologies (NYSE: UBER) to invest $300 million in Lucid to form robotaxi partnership. The great news for investors is that aside from the phenomenal opportunity it presents, is that it could be the last thing it needs to prove to Wall Street. More on this in a second. But don't overlook the second announcement Lucid made Thursday regarding a potential reverse stock split. Let's dive into both developments and what they mean for investors. Show me the money! Uber is the driving force behind this three-headed monster partnership. The deal calls for a new robotaxi service that will take an industry-leading, software-defined vehicle of Lucid's new Gravity SUV, infuse it with Nuro's level 4 autonomy system, and deliver a robotaxi service using Uber's vast global network and fleet management. Uber is targeting a fleet of 20,000 or more Lucid vehicles over the next six years, and the first Lucid-Nuro robotaxi prototype is already operating autonomously on a closed circuit course at Nuro's Las Vegas operations. This deal is big news for Lucid, and the 20,000 vehicles evenly spread over six years is still massive considering the automaker delivered just under 6,500 vehicles for the first half of 2025 and hopes to deliver roughly 20,000 for the full year after accelerating production for the Gravity SUV as we speak. But this development goes beyond the vehicle demand, and it goes beyond the liquidity Uber's $300 million investment represents. This could finally prove to Wall Street that Lucid not only has the advanced technology needed to produce high-quality vehicles but demand for its technology from other companies. Lucid investors should have been insanely jealous when rival EV maker Rivian inked a partnership with Volkswagen to supply the former's technology and software stack for use in Volkswagen vehicles in a deal worth $5.8 billion. "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." Reverse stock split? Another development that was mostly overlooked thanks to the bombshell Uber and Nuro partnership, perhaps by public relations' design, was that Lucid filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) to enact a special stockholders' meeting to authorize a reverse stock split of the company's class A common stock at a ratio of one-for-ten (1:10). Essentially, Lucid will consolidate its shares, and investors will receive one new share for every 10 of the old shares, and the price per share will multiply by 10. The value investors own is the same, and Lucid's market capitalization won't change; it'll simply boost the trading price of Lucid shares. Generally, a reverse stock split is not looked at favorably by the market, and oftentimes it's a company in financial distress, with a falling stock price and in danger of being delisted by a major stock exchange. In this case, with Lucid trading above $3 currently, the company isn't in immediate danger of being delisted as it would need to trade below $1 for 30 consecutive trading days. For Lucid, this is simply an attempt to make its stock more attractive to large investors that often have a minimum stock price they're allowed to invest in. Many institutional investors and mutual funds have this. What it all means Thursday was a very good day for Lucid. It proved it can package its technology for new revenue streams and inked a highly valuable investment worth $300 million from Uber, all while getting its product out in front of more and more consumers. This is exactly the type of deal Lucid investors were hoping for even if it isn't nearly as lucrative as Rivian's joint venture with Volkswagen. Furthermore, while the market generally disapproves of reverse stock splits, Lucid's doesn't appear to raise the typical red flags. As always, Lucid remains a high-risk, high-reward stock, and it isn't for the faint of heart as big swings such as Thursday's are sure to take place over the next few years. 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 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 positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Lucid Rockets Higher After 2 Massive Announcements was originally published by The Motley Fool Sign in to access your portfolio
