Is Lucid Stock a Screaming Buy After Uber's $300 Million Robotaxi Bet?

Core Viewpoint - Uber is partnering with Lucid Group to develop a fleet of robotaxis, marking a shift in the autonomous driving conversation away from Tesla and Waymo [1][2] Group 1: Partnership Details - Uber will invest $300 million into Lucid to support the production of at least 20,000 vehicles over the next six years, which will be equipped with autonomous driving software from Nuro [6] - Lucid joins other companies like Waymo and WeRide in Uber's autonomous vehicle ecosystem, indicating a strategic approach by Uber to collaborate with various manufacturers rather than developing its own vehicles [4] Group 2: Lucid's Financial Performance - Lucid's production and delivery figures have shown inconsistency, with production numbers ranging from 1,728 to 3,386 vehicles across different quarters, and deliveries fluctuating between 1,967 and 3,109 [8] - The gross margin for Lucid has been negative, with figures such as -134% in Q1 2024 and -89% in Q4 2024, indicating significant financial challenges [8] Group 3: Market Position and Risks - The deal may not be sufficient for Lucid to compete with established players like Waymo and Tesla, as the timeline for producing 20,000 vehicles lacks urgency amid increasing competition [11] - There are concerns regarding execution risks for Lucid, as the partnership appears to be more of a public relations move rather than a solid foundation for growth [12][13]