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Lucid Group Surges 11% with Tesla Charging Access and Uber Partnership
ByAinvest
Wednesday, Jul 23, 2025 2:31 pm ET1min read
Lucid Group (LCID) shares rose 11% after the company announced its vehicles will gain access to Tesla's supercharging network through an adapter. The adapter will be available for purchase at Lucid stores for $220 and will enable charging at over 23,500 Tesla superchargers. This move is seen as a significant infrastructure development for Lucid, potentially bolstering future sales.
Lucid Group Inc. (LCID) shares rose 11% on July 2, 2025, following the company's announcement that its vehicles will gain access to Tesla's supercharging network through an adapter. The adapter, priced at $220 excluding taxes, will enable Lucid Air vehicles to charge at speeds of up to 50 kW, adding up to 200 miles of range per hour. This move is expected to enhance Lucid's infrastructure and potentially boost future sales [1].The adapter, which will be available for purchase at Lucid stores, will allow Lucid Air vehicles to utilize over 23,500 Tesla superchargers. This integration is set to begin on July 31, 2025, and will apply to all Lucid Air models, regardless of their model year. The adapter is compatible with Tesla Superchargers (V3 and above) and can be initiated via the Lucid App with a saved credit card in the Lucid Wallet [2].
The news comes as Lucid Group Inc. reported strong quarterly results, including a 58% year-over-year increase in vehicle deliveries to 3,109 vehicles in Q1 2025. The company also saw significant improvements in gross margin and revenue growth, with a 36% year-over-year increase to $235 million [1].
Analysts have responded positively to the news, with the average target price for Lucid Group Inc. standing at $2.68, implying a potential downside of 5.07% from the current price of $2.82. The consensus recommendation from 16 brokerage firms is a "Hold" status, indicating cautious optimism [1].
The integration with Tesla's supercharging network is seen as a strategic move that could enhance Lucid's competitive edge in the electric vehicle market. By providing customers with seamless and wide access to public charging, Lucid is positioning itself as a leader in the long-range electric vehicle segment.
References:
[1] https://www.gurufocus.com/news/2993876/lucid-group-lcid-announces-2026-model-updates-and-tesla-supercharger-access-lcid-stock-news
[2] https://lucidmotors.com/stories/2026-lucid-air-tesla-superchargers
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