[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DonCorleone77 [@CorleoneDon77](/creator/twitter/CorleoneDon77) on x 5292 followers Created: 2025-07-18 18:52:37 UTC $LCID Attached is page X of a 5-page Bank of America analyst report on LCID issued yesterday entitled: "LCID partners with Uber and Nuro for robotaxi service" Bank of America has a 'Underperform' rating on LCID with a $X price target. Bank of America's summary statement regarding LCID in the report includes the following: "LCID partners with Uber and Nuro for robotaxi service: This morning Lucid announced that over the next X years Uber will deploy 20,000+ Lucid Gravity with robotaxi features powered by Nuro. According to the company announcement, the robotaxi will be launched in a major US city sometime in 2026. Although this is a positive development, we think it is evolutionary rather than revolutionary for the company outlook which presents headwinds stemming from flagging EV demand. The vehicle (LCID), the software (Nuro), the service (Uber): From the details provided, it appears that Lucid will supply 20,000+ Gravity to Uber, which will operate and own the vehicles. Nuro will provide the hardware (installed post vehicle production) and the self-driving software to enable level X AV. Note that Nuro will be in charge of developing and testing the autonomous solution. $300m Uber investment and 1:10 reverse stock split: Uber is also planning to invest $300m in Lucid through a private placement of Lucid’s Class A common stock, which is expected to close in 3Q25. In addition, LCID has also filed a preliminary proxy statement to initiate a plan for a reverse stock split. The ratio for the reverse stock split is one-for-ten (1:10). Challenges remain, reiterate Underperform rating: We reiterate our Underperform rating. We still see risk from product development stalling post CEO (Peter Rawlinson) departure earlier in 2025. In addition, the risk associated with tariff costs and flagging consumer demand for electric vehicles are incremental challenges for the company, in our view. -- Price Objective Basis: Our price objective of $XXXX is based on 2.0x EV/Sales on our 2026 estimates, which implies roughly 0.5x EV/Sales and 3x EV/EBITDA on pro-forma capital-induced 2030 estimates. Our valuation framework for LCID is relatively consistent with TSLA and includes the following steps: 1) What the current stock price affords to LCID in incremental plants/units. 2) What the incremental units translates into in incremental revenue/profits. 3) What the incremental revenue/profits translates into in terms of multiples on theoretical pro-forma 2030 metrics. -- Downside risks: 1) inability to continue to raise capital to fund business ventures, 2) inability to convert refundable reservations into contracted orders, unit sales, and revenue, 3) greenfield/clean-sheet approach to EV manufacturing introduces risk of successful execution, 4) direct-to-consumer sales and service model may create challenges for business to scale, 5) inability to reach sustainable positive EBITDA/FCF. -- Upside risks: 1) significant and better than expected customer traction for introduced/unveiled products, 2) successful execution of go-to-market strategy, 3) better than expected progress on start and ramp of production with clean-sheet manufacturing approach, 4) breakthrough in advanced battery technology to drive ICE/EV parity, 5) incremental government/regulatory support/stimulus for EV market." (Page X is not available here as X does not allow me to post pages from reports on this platform) XXX engagements  **Related Topics** [united states](/topic/united-states) [bank of](/topic/bank-of) [$lcid](/topic/$lcid) [lucid group inc](/topic/lucid-group-inc) [stocks consumer cyclical](/topic/stocks-consumer-cyclical) [bank of america](/topic/bank-of-america) [stocks financial services](/topic/stocks-financial-services) [stocks banks](/topic/stocks-banks) [Post Link](https://x.com/CorleoneDon77/status/1946281972483100783)
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DonCorleone77 @CorleoneDon77 on x 5292 followers
Created: 2025-07-18 18:52:37 UTC
$LCID
Attached is page X of a 5-page Bank of America analyst report on LCID issued yesterday entitled:
"LCID partners with Uber and Nuro for robotaxi service"
Bank of America has a 'Underperform' rating on LCID with a $X price target.
Bank of America's summary statement regarding LCID in the report includes the following:
"LCID partners with Uber and Nuro for robotaxi service:
This morning Lucid announced that over the next X years Uber will deploy 20,000+ Lucid Gravity with robotaxi features powered by Nuro. According to the company announcement, the robotaxi will be launched in a major US city sometime in 2026. Although this is a positive development, we think it is evolutionary rather than revolutionary for the company outlook which presents headwinds stemming from flagging EV demand.
The vehicle (LCID), the software (Nuro), the service (Uber):
From the details provided, it appears that Lucid will supply 20,000+ Gravity to Uber, which will operate and own the vehicles. Nuro will provide the hardware (installed post vehicle production) and the self-driving software to enable level X AV. Note that Nuro will be in charge of developing and testing the autonomous solution.
$300m Uber investment and 1:10 reverse stock split:
Uber is also planning to invest $300m in Lucid through a private placement of Lucid’s Class A common stock, which is expected to close in 3Q25. In addition, LCID has also filed a preliminary proxy statement to initiate a plan for a reverse stock split. The ratio for the reverse stock split is one-for-ten (1:10).
Challenges remain, reiterate Underperform rating:
We reiterate our Underperform rating. We still see risk from product development stalling post CEO (Peter Rawlinson) departure earlier in 2025. In addition, the risk associated with tariff costs and flagging consumer demand for electric vehicles are incremental challenges for the company, in our view.
-- Price Objective Basis:
Our price objective of $XXXX is based on 2.0x EV/Sales on our 2026 estimates, which implies roughly 0.5x EV/Sales and 3x EV/EBITDA on pro-forma capital-induced 2030 estimates.
Our valuation framework for LCID is relatively consistent with TSLA and includes the following steps:
- What the current stock price affords to LCID in incremental plants/units.
- What the incremental units translates into in incremental revenue/profits.
- What the incremental revenue/profits translates into in terms of multiples on theoretical pro-forma 2030 metrics.
-- Downside risks:
- inability to continue to raise capital to fund business ventures,
- inability to convert refundable reservations into contracted orders, unit sales, and revenue,
- greenfield/clean-sheet approach to EV manufacturing introduces risk of successful execution,
- direct-to-consumer sales and service model may create challenges for business to scale,
- inability to reach sustainable positive EBITDA/FCF.
-- Upside risks:
- significant and better than expected customer traction for introduced/unveiled products,
- successful execution of go-to-market strategy,
- better than expected progress on start and ramp of production with clean-sheet manufacturing approach, 4) breakthrough in advanced battery technology to drive ICE/EV parity,
- incremental government/regulatory support/stimulus for EV market."
(Page X is not available here as X does not allow me to post pages from reports on this platform)
XXX engagements
Related Topics united states bank of $lcid lucid group inc stocks consumer cyclical bank of america stocks financial services stocks banks