July 23- Lucid (LCID, Financial) shares surged about 11% on Tuesday after the luxury EV maker said its entire Air range will plug into Tesla's (TSLA, Financial) Supercharger network via an approved adapter starting July 31, 2025. The expanded access could help address charging convenience for owners.
The company also outlined enhancements for its 2026 Air lineup. Lucid raised the EPA‑estimated range of its Touring model by more than 6% to 431 miles. Standard additions include a refined air‑conditioning compressor designed for quieter operation and upgraded interior amenities aimed at boosting passenger comfort.
Earlier this month, LCID stock jumped 39% following an agreement with Uber (UBER, Financial) and autonomous‑vehicle specialist Nuro to roll out up to 20,000 premium robotaxis on Uber's platform over six years. Uber plans to invest several hundred million dollars in Lucid and Nuro as part of the pact.
Despite today's uptick, Lucid remains prone to swings, its shares have moved more than 5% on 56 occasions over the past year. At $3.07 per share, the stock sits about 28% below its 52‑week peak. Investors may view the Supercharger partnership and model tweaks as positive but incremental.
Is Lucid Stock a Buy Now?
Based on the one year price targets offered by 13 analysts, the average target price for Lucid Group Inc is $2.68 with a high estimate of $7.00 and a low estimate of $1.00. The average target implies a downside of -14.48% from the current price of $3.13.
