Lucid Stock Jumps on Record Deliveries and Uber Robotaxi Unveiling
EV maker posts 31% sequential growth in Q4 deliveries and partners with Uber and Nuro to enter the autonomous ride-hailing market, challenging rivals like Tesla.
Shares of Lucid Motors (NASDAQ: LCID) climbed more than 4.8% in trading on Tuesday after the luxury electric vehicle maker announced record fourth-quarter deliveries and unveiled a strategic push into the autonomous vehicle space through a collaboration with Uber and AV-tech firm Nuro.
The Newark, California-based company reported it delivered 5,345 of its Air luxury sedans in the final quarter of 2025, a 31% increase from the third quarter. The figure notably surpassed analyst estimates, including a Visible Alpha consensus of 5,070 vehicles. For the full year, Lucid delivered 15,841 vehicles, marking a significant 55% increase over its 2024 performance.
Production figures also showed a sharp ramp-up, with the company manufacturing 8,412 vehicles in Q4, a 116% surge over the prior quarter. According to the company's official announcement, total 2025 production reached 18,378 units, effectively doubling its output from the previous year. While the production growth signals improving operational efficiency, the gap between vehicles produced and sold may indicate a rise in unsold inventory, a point investors will watch closely when the company releases its full financial results on February 24, 2026.
Potentially more significant for the company's long-term strategy was the unveiling of a new robotaxi prototype at CES 2026. The vehicle, based on Lucid’s recently launched Gravity SUV, is the product of a three-way partnership aimed at creating a global autonomous ride-hailing service. Lucid will manufacture the vehicle, Nuro will provide its autonomous driving system, and Uber will manage the ride-hailing network and in-cabin experience.
The autonomous Gravity will be powered by Nvidia’s Drive AGX Thor computing platform and equipped with a sophisticated sensor suite, including lidar, radar, and cameras. As detailed by Car and Driver, the partnership aims to begin deploying the service in the San Francisco Bay Area later in 2026, following on-road testing that began in December 2025.
This foray into autonomous mobility represents a critical move for Lucid to diversify its business model beyond selling high-end consumer EVs, a market characterized by intense competition and pricing pressure. By partnering with established players like Uber and Nuro, Lucid is positioning itself as a key technology and manufacturing player in the future of transportation, opening a new potential revenue stream and directly challenging the autonomous ambitions of rivals like Tesla.
Investors reacted positively to the dual announcements, sending Lucid's stock to $11.69 by the afternoon. The move provides a much-needed boost for the stock, which has traded significantly below its 52-week high of $36.20. While Wall Street analysts currently have a consensus 'Hold' rating on the stock, their average price target of $18.06 suggests potential upside if the company can continue to execute on its production goals and strategic initiatives.
The path forward depends on Lucid’s ability to successfully scale manufacturing at its Arizona factory and manage its cash burn. The success of the robotaxi pilot program will be a key catalyst, offering a glimpse into a future where Lucid is not just a car company, but a core component of a broader autonomous mobility network.