EV maker Lucid reveals plans for robotaxi, constructive free money circulation

NEW YORK — Lucid Group expects to be money circulation constructive late this decade because it plans to develop its car lineup and considerably improve its software program and expertise choices, the all-electric car maker introduced Thursday throughout its first investor day in practically 5 years as a public firm.

The EV firm goals to perform constructive money circulation era by means of market enlargement into midsize autos and robotaxis, in addition to worldwide enlargement in markets resembling Europe and Saudi Arabia. It additionally expects to attain effectivity features and software program income progress with the introduction of improved superior driver help methods and a brand new Lucid synthetic intelligence assistant, executives advised dozens of buyers and Wall Avenue analysts on Thursday.

Shares of Lucid had been off roughly 6% to eight% throughout a lot of the occasion regardless of the corporate giving its most detailed product and enlargement plans to this point, highlighting the robust market situations for EV corporations.

Lucid’s money circulation goal is difficult given the automaker’s present efficiency and waning demand for EVs within the U.S. Whereas Lucid has been in a position to improve gross sales and slender losses, the corporate misplaced $2.7 billion on income of $1.35 billion in 2025. It had detrimental free money circulation of $3.8 billion in 2025, a loss that was roughly 31% bigger than a 12 months earlier.

Lucid interim CEO Marc Winterhoff — who unexpectedly took over for firm founder Peter Rawlinson final 12 months — mentioned the corporate’s “north star” is “accelerating to profitability,” reiterating the investor occasion’s theme. He and different executives declined to reveal a precise 12 months the corporate goals to be money circulation constructive.

The automaker has been making an attempt to extend investor curiosity within the firm because it prepares to launch a brand new midsize car on the finish of this 12 months. Its largest shareholder, Saudi Arabia’s Public Funding Fund, has additionally modified its funding technique within the firm from capital funding to revolving credit score.

Lucid on Thursday mentioned it expects to attain roughly $1 billion in annual incremental, non-vehicle income by means of companies resembling recurring software program subscriptions by later this decade. It additionally previewed plans for a two-seat robotaxi, together with a design idea automobile, but it surely didn’t specify a timeframe for the car.

Firm executives spent a big quantity of the occasion discussing Lucid’s upcoming driving applied sciences, together with robotaxis, and plans to launch a subscription service by early 2027 that can vary from $69 to $199 a month, based mostly on capabilities.

“Autonomy performs an out of doors position in the way forward for Lucid,” mentioned Kay Stepper, Lucid vice chairman of superior driving methods, including that the corporate plans to supply autos able to driving themselves underneath sure circumstances by 2029.

Winterhoff and Uber President and Chief Working Officer Andrew Macdonald on Thursday introduced they’re planning to increase a beforehand introduced tie-up for robotaxis to incorporate upcoming midsize autos.

Enlargement into midsize and autonomy is anticipated to considerably improve Lucid’s complete addressable market, or TAM, from $40 billion for its present Air sedan and Gravity SUV to $700 billion, executives mentioned Thursday.

Winterhoff mentioned he sees the corporate’s autonomy applied sciences basically rising to match Tesla’s present FSD by subsequent 12 months.

Lucid on Thursday mentioned it plans to provide three midsize autos, beginning with a car known as Cosmos this 12 months, adopted by a mannequin known as Earth and an unnamed car throughout an unspecified timeframe.

“We predict these three distinctive merchandise will give us most alternative to hit the widest viewers potential. And that viewers is the place we’re immediately, but it surely’s a distinct viewers than our present market,” mentioned Derek Jenkins, Lucid senior vice chairman of design and model.

The three midsize autos are focused at upscale patrons, youthful “trendsetting achievers” and outside lovers, Jenkins mentioned. The final can be a direct competitor to fellow EV competitor Rivian Automotive, which is anticipated to launch a brand new R2 midsize car this spring, starting with a roughly $58,000 model of the car.

Lucid has mentioned its midsize car is anticipated to start at roughly $50,000. That will place it consistent with the typical transaction costs of latest autos within the U.S. in addition to entry-level fashions of Rivian’s R2.

Each Rivian and Lucid are making an attempt to reassure buyers that they can’t solely compete in a troubled EV market however thrive by means of the enlargement of latest autos and applied sciences to raised compete towards U.S. EV chief Tesla. Lucid mentioned its new midsize EV platform shall be class-leading in effectivity, one thing the corporate has strived to do with all its autos.

Each have touted having sufficient capital to get them by means of near-term initiatives however their long-term viability remains to be a serious query for buyers.

Lucid has mentioned its complete liquidity of $5.5 billion, together with a roughly $2 billion delayed draw time period mortgage credit score facility from Saudi’s PIF, is sufficient to get by means of the primary half of 2027.

Rivian ended the fourth quarter with $6.59 billion in complete liquidity, together with practically $6.1 billion in money, money equivalents and short-term investments, as the corporate makes an attempt to ramp up manufacturing this 12 months of its midsize car and new autonomy applied sciences.