Uber, Lucid and Tesla
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Uber to invest $300 million in EV maker Lucid
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Lucid Group's stock soared 36% on 17 July, closing at £2.32 ($3.12), following a landmark partnership with Uber and Nuro to deploy 20,000 autonomous robotaxis. This move positions Lucid to challenge Tesla and Waymo in the intensifying robotaxi market.
Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.
Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.
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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?
Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That
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?
Lucid Motors’ aggressive pricing strategy and the launch of the Gravity SUV are paying off. The California-based luxury EV maker had its sixth consecutive record quarter for vehicle deliveries, while the numbers for the first half of the year are even more impressive.
Lucid Motors will activate hands-free driving as part of its Advanced Driver Assistance Systems (ADAS) via an over-the-air update on July 30 in Lucid Air sedans, with Lucid Gravity SUVs set to get this feature later in the year.