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 Weiter zum vollständigen Artikel bei MotleyFool