LCID: Lucid Stock Gains 4% After First of 20,000 Uber Robotaxis Rolls Off for Training

It’s a big milestone for a big project. But the bigger things are yet to come – can Lucid make good on its commitment to produce 20,000 Gravity SUVs?

🚘 Lucid’s First Uber Robotaxi

• Lucid stock LCID popped 4% Wednesday after the luxury EV maker flexed on X, saying it had delivered its first Gravity SUV for Uber’s upcoming robotaxi fleet in collab with autonomous driving firm Nuro.
• “Let’s make this bad boy fully autonomous,” Nuro engineers, probably, as they get ready to load the slick ride with self-driving brains before they let it roll into the wild next year.
• The milestone kicks off a six-year, 20,000-vehicle deal with Uber. That’s no small feat for a company that produced just 2,212 vehicles in Q1 and 3,863 in Q2. Lucid’s full-year goal is 18,000–20,000 units, so Uber’s order stretches capacity (and secures demand).
• Q3 earnings land November 11, and traders will be watching production numbers like hawks. If Lucid can keep scaling Gravity output, it may silence some skeptics who still see the Saudi-backed startup as more hype than horsepower.

📈 Price Targets and Splits

• In other news, Cantor Fitzgerald hiked its Lucid price target to $26 from $20, giving bulls more fuel. We’re talking post-split, or after the company axed the number of shares in circulation, turning every 10 shares into one.
• The stock has rebounded more than 40% from its split-adjusted all-time closing low of $16.16 on Sept. 4.
• Lucid’s 1-for-10 reverse stock split on Sept. 2 boosted share price optics but didn’t change fundamentals. Traders know the trick: same market cap, fewer shares in circulation, higher sticker price.

🚀 The Bigger Picture for Lucid

• The Uber robotaxi news is bullish, but the real question is execution. Can Lucid actually churn out 20,000 Gravity SUVs and hit long-term targets while competitors scale their own fleets?
• Investors are cautiously optimistic, but the memory of production shortfalls lingers. Meeting Uber’s order could redefine Lucid as a serious player instead of just another EV dreamer.
• One thing that’s visible now is that sentiment is improving. The robotaxi announcement, rising price targets, and post-split rally are giving Lucid a shot at rewriting its narrative.
• But it’s still one quarterly report away from flipping that script again. Its fairly tiny market cap of $7 billion makes it an easy target for retail traders and big shots looking for a quick pump and dump.