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Stock impact report

Lucid Tells Investors Products Before Profits During Investor Day [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Lucid Motors executives traveled to New York City for the company's first-ever Investor Day where they essentially told them the EV maker will need to produce midsize vehicles for some time before the company will be profitable. During the event, attendees got an early look at the first of three midsize models - the Cosmos - that will roll out during the next two years. The Cosmos is a midsize crossover expected to compete with the Tesla Model Y and Rivian R2. In 2027, the Lucid Earth should make its debut which will be followed by an unnamed vehicle the following year. The company also shed light on its plans to expand its robotaxi services with Uber. Currently the company uses the Gravity SUV for testing with Nuro and Uber handling the testing in San Francisco. However, officials noted the longer-term plan is to offer a midsize vehicle for use. Lunar, which is a purpose-built two-seat robotaxi concept using the midsize platform, might be that vehicle. It's "designed to maximi Show less Read more
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