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News  ›  The Motley Fool

1 Surprising Reason I'm Keeping My Eye on Lucid Group Stock Right Now

The Motley Fool Logo The Motley Fool By Ryan Vanzo
1 Surprising Reason I'm Keeping My Eye on Lucid Group Stock Right Now

Lucid Group is attempting to transition from an electric vehicle manufacturer to a tech company, with a strategic partnership with Uber for robotaxi vehicles and aspirations to become a technology supplier rather than just an automaker.

Insights
NEEpN   positive

Benefiting from tech companies' growing energy demands by restarting and selling power from previously shuttered nuclear facilities


LCID   neutral

The company is showing potential by diversifying beyond manufacturing, with the Uber deal providing validation, but still has significant challenges in becoming a tech supplier