Tag

Nuro

All articles tagged with #nuro

Lucid Stock Rises as Morgan Stanley Highlights Uber Partnership and Robotaxi Expansion
business7 months ago

Lucid Stock Rises as Morgan Stanley Highlights Uber Partnership and Robotaxi Expansion

Lucid Group's stock surged over 36% after announcing a partnership with Uber and Nuro to deploy 20,000 Gravity SUVs with self-driving tech, signaling a strategic move into AI-enabled autonomy. Morgan Stanley maintains a hold rating with a $3.00 target, viewing the deal as a potential catalyst for future growth in autonomous driving and AI partnerships, despite cautious overall sentiment. The company is expected to report a narrower Q2 loss and increased revenue, with investors keen on updates regarding Gravity production and partnership impacts.

Uber's Stock Surges as It Partners with Lucid on Autonomous Robotaxis
business7 months ago

Uber's Stock Surges as It Partners with Lucid on Autonomous Robotaxis

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.

technology7 months ago

Uber Partners with Lucid and Nuro for Next-Gen Autonomous Robotaxi Fleet

Lucid Motors, Nuro, and Uber are partnering to develop a next-generation autonomous robotaxi program, aiming to deploy over 20,000 Lucid vehicles equipped with Nuro's Level 4 self-driving system globally within six years, starting with a launch in a major US city next year, leveraging advanced vehicle architecture, safety, and scalability.