2 Reasons to Buy Lucid Before It's Too Late

Young electric vehicle (EV) makers have had a bumpy road recently, including Lucid (NASDAQ: LCID). Not only has the U.S. EV market taken off more slowly than anticipated, but the current government administration is dead set on rolling back incentives for EVs and adding tariffs to imported vehicles and parts, which adds to the uncertainty facing many automakers.That said, the long-term future is almost certainly electric. Here are two reasons long-term investors should take a hard look at Lucid.In an announcement that seemingly came out of left field, Uber Technologies announced it plans to invest $300 million into Lucid in a robotaxi deal that aims to start in one major U.S. city late next year. Starting in 2026, over the next six years, Uber will acquire and deploy over 20,000 Lucid Gravity crossovers equipped with Nuro's autonomous vehicle technology. The announcement comes at a time when interest in self-driving technology is on the rise again, after the first wave of enthusiasm produced as many questions and complications as it did results.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool