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21.07.2025 00:05:00
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Lucid Soars on Multimillion Uber Deal -- Can It Go Higher Still?
Famous investor Benjamin Graham said: "In the short run, the market is a voting machine, but in the long run, it is a weighing machine."That quote sure holds true today, after Uber Technologies (NYSE: UBER) shook up the market with its announcement that it will deploy a fleet of robotaxis as demand for autonomous driving vehicles begins to fire on all cylinders. If the market is indeed a short-term voting machine, the market has cast its vote, and Lucid Motors (NASDAQ: LCID) looks like the real winner of this partnership. Lucid's stock popped well over 40% on the news, while Uber traded marginally higher.Let's dig into what this massive development means for the young electric vehicle (EV) maker.Continue readingWeiter zum vollständigen Artikel bei MotleyFool