🚖 Uber enters a new era of mobility with Lucid Motors!
Uber $UBER just made one of the boldest moves in its history. It announced a six-year strategic alliance with electric car maker Lucid $LCID and startup Nuro that has one goal: to deploy more than 20,000 fully autonomous robotaxis in major U.S. cities.
👉 The $300 millioninvestment in Lucid is to ensure the production of electric vehicles adapted for autonomous driving. The software will be provided by Nuro, known for its "Level 4" a system capable of operating completely driverless even under normal conditions.
🔋 Vehicles Lucid offer a range of up to 450 miles, which has a major impact on cost, operational efficiency and fleet availability.
Lucidshares responded by rising more than 35 %and Uber shares are up more than 50 %!
Markets are beginning to appreciate the long-term potential of a partnership that moves Uber out of the "platforms" closer to infrastructure-based autonomous mobility.
✅ This partnership builds on Uber'searlier collaboration with Waymo (Alphabet)securing access to two of the most advanced players in autonomy.
💬 Uber CEO Dara Khosrowshahi summed it up succinctly:
"We want to safely and efficiently bring the magic of autonomous driving to more people around the world."
Lucid on the other hand, sees an opportunity to break into a whole new segment: from a luxury EV manufacturer to a key supplier of cars for robotaxis.
This deal lays the foundation for a globally scalable robotaxi model that could change the economics of ride-sharing. Uber is moving into the role of a key player in autonomous infrastructure with lower costs, higher margins and virtually unlimited opportunity to expand into other markets.
Do you believe in a driverless world? And does Uber have a chance to become the dominant force in autonomous transportation?
This partnership between Lucid and Uber is a real game-changer for the future of autonomous mobility! It’s exciting to see how technology is reshaping entire industries, from ride-sharing to fleet operations. Speaking of innovation, even online entertainment is evolving—platforms like https://e2bet.com.pk are bringing a modern, seamless experience to gaming and betting enthusiasts. The future really is all about smarter, more efficient solutions!
I find this technology cool and so far it looks like Waymo and Tesla will dominate this.
The company is growing nicely and that Waymo is great. Google is one of my biggest positions and the Uber partnership is great.
For me, the winner is still Tesla. They have a better business and overall they are much faster. I don't think Uber can compete with Tesla.