Lucid shares drop despite Uber robotaxi expansion boost
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Lucid shares fell 5.63% to $5.70 despite Uber's expansion of its robotaxi fleet from 20,000 to 35,000 vehicles and a $500 million investment for a 2026 U.S. launch. The decline follows a $282 million revenue miss in Q1, with analysts maintaining a cautious Hold rating and average price targets between $8.40 and $12.83 amid concerns over demand and losses.
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