LCID
UBER
Nice ride, wrong kind of market reaction
Lucid got a fresh splash of robotaxi hype after communications chief Nick Twork said he took his first ride in a Lucid × Nuro × Uber robotaxi and called it “smooth and natural.” Cute? Sure. Stock-saving? Not so fast.
The setup sounds like the kind of sci-fi pitch that makes your uncle suddenly want to talk about autonomous fleets at dinner. Uber has already raised the planned deployment from 20,000 to 35,000 vehicles and bumped its investment to $500 million, which sounds great until you remember investors want actual deliveries, not just PowerPoint horsepower.
The real issue: the numbers are still a buzzkill
The market is still chewing on Lucid’s latest earnings miss and the more skeptical 2027 production ramp story. That’s the part weighing on the stock today: robotaxi headlines are fun, but they don’t magically erase weak revenue or the fact that demand needs to scale in a very non-magical way.
- First-quarter revenue came in at $282.47 million, well below the $440.43 million estimate.
- The company is still talking about a 2027 production ramp, which is investor-speak for “please be patient.”
- Shares remain stuck in a nasty downtrend, with price below the major moving averages and traders treating rallies like potential exit ramps.
Why you should care
If Lucid can turn this robotaxi program into real fleet demand, that’s a serious long-term story. But for now, it’s still a promise with wheels on it. Until the business shows a cleaner path from futuristic partnership to actual volume, every upbeat headline risks feeling like a trailer for a movie that keeps getting delayed.
Big picture: Lucid’s autonomy angle is getting louder, but the stock wants proof, not just another glossy teaser.