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Lucid Motors has also secured a strategic partnership with Uber and Nuro to launch 20,000 Gravity robotaxis over the next six years [3]. This partnership underscores Lucid's commitment to expanding its market reach and leveraging its technology for autonomous driving applications.
Despite the challenges faced by the company, such as high losses and cash burn, Lucid Motors has a strong liquidity position and recently signed a deal with Uber that will see the ride-sharing company invest $300 million into the electric vehicle startup [2]. The company's balance sheet shows $2.8 billion in available liquidity, including short-term investments, and $3.6 billion in total liquidity [2].
Lucid Motors' stock price has seen fluctuations in recent months, with an 8% drop following its second quarter earnings presentation, which included a downgrade in the electric vehicle company's delivery forecast for 2025 [2]. However, the company's long-term outlook remains promising, particularly in the context of its partnership with Uber and Nuro.
References:
[1] https://www.autonews.com/lucid-motors/an-lucid-gravity-sales-headaches-0813/
[2] https://seekingalpha.com/article/4811762-lucid-motors-is-not-dead-money
[3] https://thebusinessdownload.com/uber-plans-fleet-of-20000-robotaxis-in-deal-with-lucid-nuro/
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Lucid Motors has denied rumors that it sold only nine Gravity SUVs in its first six months, stating that deliveries are "well into the 3-digit range." The EV maker expects a significant ramp-up in production in the second half of the year and anticipates the Gravity SUV to account for the majority of production and deliveries. Lucid has also secured a partnership with Uber and Nuro to launch 20,000 Gravity robotaxis over the next six years.
Lucid Motors has refuted rumors that it sold only nine Gravity SUVs in the first six months, stating that deliveries are "well into the 3-digit range" [1]. The electric vehicle (EV) maker is expecting a significant ramp-up in production during the second half of the year, with the Gravity SUV anticipated to account for the majority of production and deliveries [1].Lucid Motors has also secured a strategic partnership with Uber and Nuro to launch 20,000 Gravity robotaxis over the next six years [3]. This partnership underscores Lucid's commitment to expanding its market reach and leveraging its technology for autonomous driving applications.
Despite the challenges faced by the company, such as high losses and cash burn, Lucid Motors has a strong liquidity position and recently signed a deal with Uber that will see the ride-sharing company invest $300 million into the electric vehicle startup [2]. The company's balance sheet shows $2.8 billion in available liquidity, including short-term investments, and $3.6 billion in total liquidity [2].
Lucid Motors' stock price has seen fluctuations in recent months, with an 8% drop following its second quarter earnings presentation, which included a downgrade in the electric vehicle company's delivery forecast for 2025 [2]. However, the company's long-term outlook remains promising, particularly in the context of its partnership with Uber and Nuro.
References:
[1] https://www.autonews.com/lucid-motors/an-lucid-gravity-sales-headaches-0813/
[2] https://seekingalpha.com/article/4811762-lucid-motors-is-not-dead-money
[3] https://thebusinessdownload.com/uber-plans-fleet-of-20000-robotaxis-in-deal-with-lucid-nuro/

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