Lucid Stock Goes Up
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With the ability to cover up to 450 miles on a single charge, the Gravity SUV is expected to function well as a robotaxi, since it will need less downtime for recharging. This way, vehicles will be available for riders more often. Tesla ’s own Model Y is being used as the brand’s robotaxi, but that has nowhere near the range of the Lucid Gravity.
Lucid Group partners with Uber and Nuro to deploy Gravity EVs as robotaxis, boosting delivery scale and entering the autonomous market. Click for my LCID update.
Lucid enters the robotaxi race, joining Tesla in the battle to shape autonomous mobility.Image source: Tom Williams/ The robotaxi race just got real. Robotax
Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.
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Tesla ( TSLA) and its high-profile CEO Elon Musk can be polarizing. However, the automaker has achieved things that seemed impossible. It not only broke into the highly mature auto industry, it also helped to create the electric vehicle (EV) market. Could buying EV upstart Lucid ( LCID) set investors up for a similar success story?
Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.
Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?