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Lucid Motors Secures $300M Robotaxi Deal Amid EV Market Uncertainty
Lucid Motors Secures $300M Robotaxi Deal Amid EV Market Uncertainty
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BTCCSquare news:
Lucid Group's stock (LCID) tumbled 10.78% as the U.S. EV market faces headwinds, including slowing adoption rates and potential policy rollbacks. Yet the luxury EV Maker just unlocked a surprising catalyst—a $300 million robotaxi partnership that could deploy 20,000 autonomous Gravity SUVs by 2026.
The deal positions Lucid at the intersection of two disruptive trends: premium electrification and autonomous mobility. Uber's commitment provides revenue visibility while validating Lucid's technology, contrasting with cash-burning peers. Meanwhile, Waymo's 100 million autonomous miles and Tesla's Austin trials signal accelerating industry momentum.
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