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Lucid partnered with Bolt to develop an autonomous-ready platform and deploy up to 25,000 self-driving Lucid EVs across major European cities, lifting shares almost 6% in Thursday's trading.
Lucid stock rallies on a robotaxi partnership with Bolt. But LCID shares remain rather unattractive as a long-term holding.
Lucid reported second-quarter results on Tuesday that beat revenue expectations but losses ran wider than expected, as the struggling luxury EV maker unveiled an "operational reset" aimed at slashing cash burn, and stabilizing a business that recently had to publicly deny it was heading for bankruptcy.
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