Lucid Group (LCID) saw its share price drop by 65% in 2025, lagging behind competitors like Tesla and Rivian. Despite this, there are three key growth catalysts to watch in 2026: new models, self-driving technology, and a low valuation. The company’s new SUV, the Gravity, is already showing promising results, with production and deliveries on the rise.

Investors may be underestimating Lucid’s partnership with Uber to develop autonomous robotaxis. With a $300 million investment and plans to build a fleet of 20,000 Lucid Gravity vehicles, this deal could tap into a rapidly growing market. Despite this, Lucid’s stock price has declined post-announcement.

Lucid’s stock price has dropped significantly in recent years, making it relatively cheap with a market cap of $3.76 billion. The company is now trading at a more reasonable price-to-sales multiple compared to Tesla. While Lucid remains a high-risk investment due to its cash burn, the upcoming production ramp-up and Uber deal could boost its prospects.

Before investing in Lucid Group, consider the advice of the Motley Fool Stock Advisor team, who have identified the 10 best stocks to buy now, with Lucid not making the cut. The team has a track record of outperforming the market, so it’s worth exploring their recommendations for potentially high returns.

Read more at Nasdaq: 3 Reasons to Watch Lucid Stock in 2026