What Happened?
Shares of luxury electric car manufacturer Lucid (NASDAQ: LCID) jumped 7.3% in the afternoon session after the company announced that all of its Air models will gain access to Tesla's Supercharger network and revealed enhancements for its 2026 vehicle lineup.
Starting July 31, 2025, all Lucid Air owners will be able to use Tesla's expansive North American Supercharger network with an approved adapter, a move that significantly broadens charging options and could alleviate range anxiety for customers. In addition to this expanded charging access, Lucid announced updates for its 2026 models. The company increased the EPA-estimated range for the Lucid Air Touring model by over 6% to 431 miles and added new standard equipment across the lineup, including an improved air conditioning compressor for better cooling and reduced noise. These enhancements signaled the company's focus on improving customer experience and maintaining its competitive edge in the luxury EV market.
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What Is The Market Telling Us
Lucid’s shares are extremely volatile and have had 56 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 5 days ago when the stock gained 39% on the news that the company announced a major partnership with Uber (NYSE: UBER) and autonomous vehicle company Nuro to launch a global, premium robotaxi program.
The collaboration will integrate Lucid's electric vehicles with Nuro's Level 4 autonomous driving system, making them available exclusively on Uber's ride-hailing platform. The ambitious plan aims to deploy 20,000 or more of these autonomous Lucid vehicles over the next six years, with the first launch expected in a major U.S. city next year. This strategic alliance is a significant vote of confidence in Lucid's vehicle technology. As part of the deal, Uber plans to make multi-hundred-million dollar investments in both Lucid and Nuro.
For Lucid, this partnership opens up a substantial new revenue stream and a direct path into the burgeoning autonomous ride-sharing market, leveraging Uber's massive global network. The deal combines Lucid's vehicle design, Nuro's self-driving tech, and Uber's fleet management to create a purpose-built robotaxi experience.
Lucid is up 1.3% since the beginning of the year, but at $3.07 per share, it is still trading 27.9% below its 52-week high of $4.26 from August 2024. Investors who bought $1,000 worth of Lucid’s shares at the IPO in September 2020 would now be looking at an investment worth $310.41.
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