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

For the first time in a while, the autonomous driving discussion isn't revolving around Tesla or Waymo. On July 17, news broke that ridehailing platform Uber Technologies (NYSE: UBER) is partnering with electric vehicle (EV) manufacturer Lucid Group (NASDAQ: LCID) to help bring Uber's own robotaxi ambitions to life.Following news of the deal, Lucid shares rose nearly 40%. Let's explore the mechanics of the deal with Uber and assess whether now is a good time for investors to get in on the action around Lucid.Before diving into the mechanics of Uber's deal with Lucid, investors should first understand the company's business model. Similar to how Airbnb does not own or build the properties on its platform, Uber is not a traditional automobile business in that it does not manufacture or sell cars. Instead, Uber employs drivers who own (or lease) their cars and provide ridehailing and delivery services directly through an app.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool