When EV Company reveals its Uber partnership, Mid ID stock shoots the moon. Robotaxis along the way.
Lucid Motors Open in Phoenix: Lucid Air Sedan and Lucid GravitySUV
Lucid Motors plans to open the Phoenix location and launch a new vehicle in 2026, giving hundreds of displaced people jobs.
- Uber has invested $300 million in electric car maker Lucid Motors.
- Lucid, Autonomous Driving Company Nuro and Uber collaborate on the Robotaxi service.
- Uber, Lucid and Nuro aim to capture market share in the multi-billion dollar Robotaxi services industry with 20,000 autonomous EVs.
Lucid Group Inc. (NASDAQ:LCID) stocks are coming to an end of trading week. The share price went above 34% in the last five trading days, from $2.29 per share at Monday’s opening to $3.08 per share at the time of reporting.
Stocks have been trading below $3.00 per share since late February, but rose 43% from Wednesday’s nearing $2.29 per share at 11:30pm on Thursday. So why are stocks making huge profits this week?
Lucid teams up with Uber and Nuro to create a Robotaxi service
Be careful of Waymo and Tesla. The town has a new Robotaxi service. Uber announced Thursday it was investing $300 million in electric car maker Lucid. The duo will partner with robotics company Nuro to create a Robotaxi service featuring Uber’s ride-sharing platform, Lucid’s Electric Vehicles, and Nuro’s autonomous driving technology.
Lucid’s recent stock action comes from the announcement of this partnership. Uber’s stock price did not rise in response to the news, unlike the big move from Lucid’s stock price.
The Rise of Robotaxi: Billion Dollar Bets
More than 1,500 self-driving cars are operated commercially in five American cities, according to Goldman Sachs. Based on Goldman Sachs Research, by 2030 there will be a whopping 35,000 self-driving cars operating in the United States. If these forecasts are accurate, self-driving cars could “generate $7 billion in annual revenue.”
According to CNBC, Waymo raised $5.6 billion in the fall of 2024 and expanded its Robotaxi service. Tesla recently launched its Robotaxi service in Austin, Texas in late June. Companies are betting billions of dollars on the emerging Robotaxi ride-share market.
Uber’s investment in Lucid and its partnership with Nuro is an effort to level the arena. The company aims to launch the Robotaxi program for self-driving cars by deploying 20,000 Melucid gravity SUVs equipped with Nuro’s advanced driving technology.
Is clear gravity a good electric vehicle?
The Lucid Gravity Electric SUV boasts an EPA estimated drive range of 450 miles. This is significantly higher than the maximum range of bestselling EVs like the Tesla Model Y (357 Mile). Lucid recently set a Guinness world record for driving range with the electric vehicle, the Lucid Air Grand Touring (749 miles).
The 2026 Lucid Gravity 7-seat electric SUV boasts “magical amounts of interior space” and “the fastest charging speed in America,” according to InsideEvs vehicle reviews. It can restore your total driving range in about 11 minutes and is compatible with the Tesla Supercharger network.
Nuro, the autonomous vehicle technology component of the Robotaxi Partnership, as of 2025, has “operated fully autonomous vehicles on the road for over four years,” said co-founder and CEO Jiajun Zhou. It operates in markets such as Texas, California, and Arizona. According to the CEO, the company recorded “over 1 million miles of autonomous driving without accidents.”
