All articles tagged with #lucid
Lucid, Nuro, and Uber unveiled their production intent robotaxi and in-cabin experience at CES 2026, with autonomous on-road testing already underway in the San Francisco Bay Area, aiming for a commercial launch later this year.
In 2025, Tesla, Rivian, and Lucid faced significant headwinds from policy changes, tariffs, and market shifts, leading to slower sales and higher costs. Tesla experienced a sales decline but maintained its market value and advanced AI and autonomy projects. Rivian focused on scaling production and new models, while Lucid worked on stabilizing output amid demand and cost challenges. Despite difficulties, each company pursued long-term growth strategies in a transitioning EV market.
Lucid Group missed Wall Street expectations for the second quarter, cutting its annual production guidance and facing supply chain issues with its Gravity SUV. Despite a 68% revenue increase year-over-year, the company reported a significant net loss and widened EBITDA loss, while securing additional funding from its largest shareholder. Its stock performance has lagged behind competitors like Rivian.
Rivian and Lucid, two pure EV automakers, face increasing challenges amid their upcoming Q3 reports, including market headwinds, regulatory changes, and production issues, despite showing some growth in sales and revenue. Both companies are focusing on future vehicle launches and technological advancements to attract investors, but profitability remains a concern as industry-wide issues impact their financial outlook.
Rivian and Lucid are set to report Q3 earnings amid industry challenges; Rivian shows delivery growth but faces analyst caution, while Lucid's upcoming models and strategic plans suggest longer-term potential, with analysts favoring Lucid for higher upside.
Lucid plans to sell privately owned Level 4 autonomous vehicles powered by Nvidia's Drive AV platform, with upcoming models featuring advanced sensors and AI technology, as part of its strategy to diversify and adapt to changing EV market dynamics, including partnerships with Uber for robotaxi services.
Lucid reported significant losses in Q2, with ongoing manufacturing and supply chain issues, a need for substantial additional funding, and a challenging market environment, raising concerns about its future viability despite backing from Saudi PIF.
Uber announced a multi-hundred-million dollar investment in Lucid and Nuro to develop a robotaxi service, deploying over 20,000 Lucid electric vehicles with Nuro's self-driving system in a major U.S. city next year. Despite the deal, Uber's stock fell, reflecting concerns about its competitive position and execution risks, while Lucid's stock soared.
Lucid's stock surged 36.2% after announcing a partnership with Uber and Nuro to provide luxury vehicles equipped with self-driving technology for a new robo-taxi service launching next year, aiming to deploy over 20,000 vehicles over six years, marking a significant expansion into autonomous ride-hailing.
Uber plans to invest $300 million in Lucid to deploy over 20,000 autonomous Lucid Gravity SUVs equipped with Nuro's self-driving tech in a robotaxi service starting in a major U.S. city by late next year, marking a renewed push into autonomous ride-hailing despite industry challenges.
Uber is investing $300 million in Lucid to launch its first autonomous robotaxi fleet, purchasing at least 20,000 Lucid Gravity SUVs equipped with self-driving technology from Nuro, marking a significant step in Uber's shift towards autonomous taxis and expanding its partnership with various self-driving tech companies.
Uber, Lucid, and Nuro are partnering to launch a next-generation autonomous robotaxi service, starting in a major US city next year, with plans to deploy over 20,000 Lucid vehicles equipped with Nuro's Level 4 autonomous system globally over six years, aiming to transform urban mobility with a focus on safety, comfort, and scalability.
Uber is investing over $300 million in Lucid and a significant amount in Nuro to develop a premium robotaxi service using autonomous Lucid Gravity SUVs equipped with Nuro's self-driving system, aiming to launch in a major U.S. city next year, with production expected to start in late 2026.
Following the passage of Trump's tax bill in the House, Rivian and Lucid saw stock increases as the bill ends the $7,500 EV tax credit, which could negatively impact Tesla's sales due to reduced demand for EVs. Rivian and Lucid are expected to benefit from the change, while Tesla faces potential sales decline and profit impact.
Lucid reported a record second quarter with 3,309 vehicle deliveries, up 38% year-over-year, and a nearly 50% increase in first-half deliveries, driven by new models like the Gravity SUV. Despite surpassing previous records, the results slightly missed Wall Street expectations, and the stock rose modestly. The company aims to produce around 20,000 vehicles in 2025, with a significant portion still to be manufactured in the year's second half.