Lucid Stock Rockets 36% on Uber Deal—Here’s Where It Goes From Here

Lucid just pulled off a market-shaking move—and traders are scrambling to position themselves. The EV maker’s stock exploded 36% after inking a strategic deal with Uber, proving even ‘meme stock’ darlings can catch institutional tailwinds. But here’s the real question: Is this a short-term sugar rush or the start of a fundamental rerating?

The Uber Catalyst: More Than Just Hype?

Partnerships rarely move needles like this—Uber’s stamp of approval suggests Lucid’s tech might finally be getting serious traction. Fleet electrification deals are the holy grail for EV startups bleeding cash. Now watch Wall Street analysts trip over themselves to upgrade price targets.

Bulls vs. Bears: The Post-Pop Showdown

Short interest got vaporized in the rally, but skeptics whisper about dilution risks when capital-hungry companies partner with cash-rich giants. Remember: Uber didn’t become profitable until it stopped subsidizing everyone’s rides—will Lucid avoid becoming just another line item on their COGS?

The stock’s flirting with pre-crash levels now. Either this marks the moment retail investors outsmarted the shorts again… or the ultimate ‘sell the news’ setup. In a market where fundamentals are optional and liquidity is king, buckle up for volatility with a side of schadenfreude.

What’s Next For Lucid: Should You Buy The Stock?

The Uber-Lucid-Nuro partnership put the trio in direct competition with Tesla’s latest self-driving taxis and Alphabet’s Waymo platform. Uber already has a partnership with Waymo, which could be hampered in light of recent events.

While the market has responded positively to Uber’s new partnership, one analyst has expressed concerns about Lucid’s future performance. According to Wedbush analyst Scott Devitt, the new deal has brought to light many issues that Uber faces. In a note to shareholders, Devitt stated that the deal “” According to the analyst, Lucid will need more capital to deliver on Uber’s production requests.

Uber CEO Dara Khosrowshahi is quite optimistic about the deal. Khosrowshahi says that the partnership is ““

One edge that the Uber-Luci-Nuro team will have is the EV maker’s luxury vehicles. Lucid’s cars are far more expensive than an average luxury cab on Uber. The availability of luxury cars could carve out a niche group of clients.

How Lucid’s share price behaves over the coming weeks is yet to be seen. Many anticipate a continued rally. Others think the partnership’s goals may not be sustainable. Masses may need fuel for excitement to keep the rally going.