Lucid Motors (NASDAQ: LCID) has been at the center of significant market attention this week, with its stock experiencing a rollercoaster of developments. A major announcement of a partnership with Uber and Nuro for a next-generation autonomous robotaxi program sent shares soaring, while the company also revealed plans for a potential reverse stock split.
In a landmark deal announced today, July 17, 2025, Lucid will team up with ride-hailing giant Uber and autonomous vehicle technology company Nuro. The collaboration aims to develop a premium global robotaxi service featuring Lucid's electric vehicles equipped with the Nuro Driver system. This news was met with enthusiasm from investors, triggering a substantial rally in LCID's stock price.
This positive development came on the heels of another significant, albeit more cautionary, announcement. Lucid filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) regarding a proposal for a reverse stock split. The company is considering this move to make its common stock more attractive to a broader range of investors.
On the production front, Lucid reported its second-quarter 2025 figures, announcing the production of 3,863 vehicles and the delivery of 3,309. For the first half of 2025, the company has produced a total of 6,075 vehicles and delivered 6,418, indicating it is working through its existing inventory. The company's second-quarter earnings are scheduled to be released on August 5, 2025.
Prior to the partnership news, Lucid's stock had seen a decline, lagging behind the broader market. As of the latest trading session, the stock had experienced a dip, reflecting some investor apprehension.
Analyst ratings for Lucid's stock remain mixed. Following the recent announcements, the landscape of analyst opinions will likely continue to evolve. Investors will be closely watching the company's upcoming earnings report and further details on the execution of its new partnership and potential stock restructuring.
