Lucid Is on a Roll, So Why Is It Down 30% in 2025?
Lucid (NASDAQ: LCID) has always been an intriguing stock. The company arguably has the best vehicle technology in the U.S. EV industry, has been on a roll increasing deliveries each quarter, and just inked a potentially massive deal with Uber Technologies. So if Lucid has so much momentum, why is the stock down 30% in 2025?
Out of nowhere, the conversation around autonomous driving and robotaxi service isn't regarding or Waymo, but instead an often overlooked electric vehicle (EV) maker, Lucid. That's because a couple of weeks ago news broke that ride-hailing platform Uber Technologies would partner with Lucid to launch a robotaxi service later next year in a major U.S. city, combining integral parts from Nuro, Uber, and Lucid.
Uber is targeting to deploy 20,000 or more Lucid vehicles equipped with the Nuro Driver over six years with the first prototype already operating autonomously on a closed circuit at Nuro's Las Vegas track. Even better news is that Uber plans to put its money where its mouth is and is investing in Lucid.
Source Fool.com
Uber Technologies Inc Stock
The stock is one of the favorites of our community with 87 Buy predictions and 2 Sell predictions.
With a target price of 90 € there is a slightly positive potential of 12.77% for Uber Technologies Inc compared to the current price of 79.81 €.
