Lucid unveiled a two-seater robotaxi concept without steering wheel and pedals, and launched new self-driving tech subscriptions, as the electric-vehicle maker laid out its roadmap for the technologies at an investor day event on Thursday.The unveiling deepens Lucid’s push into fully autonomous vehicles, potentially putting it in direct competition with Tesla’s Cybercab as automakers race to build a driverless future.The Elon Musk-led company last month said its first Cybercab had officially rolled off the ...

Core Insights - Tesla's first-quarter results disappointed investors, with deliveries down 13% year over year, leading to expected declines in revenue and earnings per share [1] - Automotive revenue fell by 20%, and the operating margin decreased significantly, prompting a Wall Street analyst to lower the price target for Tesla stock by $50 to $325 per share [2] - Despite the disappointing results, the lowered price target still suggests a 30% upside potential, indicating that investors may still consider buying Tesla stock [3] Future Prospects - Tesla is on track to begin production of new, lower-priced vehicle models in the first half of the year, which could provide more details to investors within the next two months [4] - CEO Elon Musk announced that the company aims to achieve fully autonomous paid rides in Austin by June, potentially opening a new revenue stream and paving the way for a fleet of driverless robotaxi vehicles [5] Risks and Challenges - The company has withdrawn its annual deliveries outlook following the poor first-quarter performance, raising concerns about future product launches [6] - The anticipated fully autonomous vehicles will initially be Model Y EVs, with the Cybercab expected to launch next year, which may delay competition with ride-sharing companies [6] - Investors are advised to remain cautious due to previous delays in product launches, suggesting that a small position in Tesla stock may be prudent [7]