Silvio Napoli Takes Helm at Lucid as Company Secures $1B+ in Fresh Capital
Lucid names Silvio Napoli CEO, secures $1B+ funding, pushes EV growth but faces stock drop and supply issues.
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Lucid Misses Q1 2026 Delivery Targets as Gravity SUV Hit by Supplier Recall
Lucid delivered fewer cars than expected due to a recall and supply issues, slowing sales and highlighting ongoing EV production challenges.
Uber Bets $1.25 Billion on Rivian Robotaxis: 50,000 Self-Driving R2s by 2031
Uber commits up to $1.25B in Rivian to deploy 10,000+ autonomous R2 robotaxis starting 2028 in SF & Miami (first phase), expanding to 25 cities by 2031. Exclusive on Uber app.
Citi's Optimistic Take: Lucid Reaches Inflection Point with New Models and Robotaxi Launch by 2026
Citi starts LCID coverage with Buy rating and $17 PT, citing positive inflection from Gravity launch, 2026 Cosmos production, and Uber robotaxi ops by year-end.
Lucid Takes Aim at Tesla: Unveils Cybercab-Like Robotaxi Concept and $69–$199 Self-Driving Subscription
Lucid steps up competition against Tesla by unveiling a two-seater robotaxi concept called Lunar (no steering wheel!) and a flexible self-driving subscription. Meanwhile, Rivian reveals higher launch pricing for its R2 SUV.
Bank of America Downgrades Rivian & Lucid, Upgrades GM & Ford in EV Slowdown
BofA updates ratings on Rivian, Lucid, GM, and Ford. EV startups face headwinds from slower adoption, while traditional giants like GM and Ford benefit from regulatory changes favoring gas-powered trucks and SUVs.