“`html
Lucid Group, Inc. (LCID) announced a partnership with Uber Technologies, Inc. (UBER) and Nuro on July 17 to develop a premium robotaxi using Lucid Gravity’s software-defined vehicle architecture, Nuro’s Level 4 autonomous driving system, and Uber’s global fleet management. The project will involve an investment of $300 million from Uber, aiming to deploy at least 20,000 Lucid Gravity vehicles over six years, starting late next year.
As Lucid enters the multitrillion-dollar robotaxi market, it continues to advance its own autonomous driving capabilities and is seeking additional partnerships. Currently, LCID shares have decreased by 22.5% year-to-date, underperforming the automotive industry decline of 13.8%.
Lucid’s price-to-sales ratio stands at 3.10, above the industry’s 2.74, suggesting it may be overvalued. The Zacks Consensus Estimate for 2025 EPS has recently declined by 4 cents.
“`
