Electric vehicle manufacturer Lucid Motors has secured a major deal to supply 25,000 of its Bolt robotaxis to an unnamed European operator, sending its shares surging by 10% in after-hours trading. The agreement marks a significant expansion into the autonomous ride-hailing market, positioning Lucid as a key player in the growing demand for self-driving vehicles. Meanwhile, rival electric truck maker Rivian saw its stock rise by 5% following the announcement, likely reflecting investor optimism about the broader industry’s momentum. The deal underscores the competitive push among automakers to dominate the next wave of transportation technology.
Lucid Surges 10% on 25,000-Vehicle Bolt Robotaxi Deal for Europe; Rivian Rises 5% 24/7 Wall St.
