Lucid: Robotaxi Deal And BOM Cost Reductions To Drive Upside

Gary Alexander33.63K FollowersFollow5ShareSavePlay(9min)CommentsSummaryLucid projects significant growth potential in the robotaxi market, striking an initial deal with Uber to supply it with 35k vehicles. Uber is also investing $500 million into Lucid.The company believes the long-term market opportunity for robotaxis exceeds $300 billion annually.The company has also identified deep BOM cost savings for its 2027 midsize vehicle, 60-70% lower than the Lucid Gravity today.New >$1 billion investments from Uber and a Saudi investment fund further extend Lucid's liquidity through FY27. Khosrork/iStock Editorial via Getty Images With the stock market vaulting up to new highs, my personal view is that right now is hardly a time for complacency in the stock market. I'm still emphasizing active trading and portfolio selection, with a focusThis article was written byGary Alexander33.63K FollowersFollowWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure: I/we have a beneficial long position in the shares of LCID either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.