Finally, Some Good News for Lucid -- but There's a Catch
There's been plenty of bad news to digest for Lucid investors, but its recent partnership with Bolt in Europe is at least positive -- even if mostly hype for now.
Lucid, an electric vehicle (EV) manufacturer, has faced numerous challenges in recent years, such as production issues, delays, layoffs, and a significant loss of talent. The company's stock price has plummeted, leaving investors feeling disheartened. However, a recent development offers a glimmer of hope. Lucid has partnered with Bolt, Europe's largest shared-mobility platform, to contribute to the deployment of autonomous vehicles (AVs).
Bolt currently has over 200 million customers, 4.5 million drivers and couriers, and operations in 50 countries. Lucid aims to play a crucial role in Bolt's strategy to have 100,000 AVs on its platform by 2035.
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