Lucid Group (LCID) Soars 11% as Vehicles Gain Access to Tesla Chargers

We recently published 10 Stocks with Surprising Gains. Lucid Group, Inc. (NASDAQ:LCID) is one of Tuesday’s top performers.

Lucid Group ended two days of losses on Tuesday, jumping 10.99 percent to close at $3.13 apiece as investors welcomed news that its 2026 vehicle lineup will officially gain access to Tesla’s supercharging network.

Beginning July 31, the company’s new Lucid Air lineup will be capable of charging on over 23,500 Tesla superchargers through an adapter.

The adapter will be available for sale at its stores at a price of $220, excluding taxes. It will be capable of charging up to 50 kW and power up to 200 mph of driving.

Access to Tesla’s charging network effectively removed an infrastructure roadblock for Lucid Group, Inc. (NASDAQ:LCID), making its vehicle ownership more seamless wherever Tesla operates, and potentially bolster its future sales.

The announcement followed the company’s multi-million-dollar investment and partnership with Uber Technologies Inc. (NYSE:UBER) for the deployment of more than 20,000 Lucid vehicles over the next six years. The vehicles will be deployed in a major city in the US.

Lucid Group (LCID) Soars 11% as Vehicles Gain Access to Tesla Chargers

An engineer examining an electric vehicle design in a lab, showing the company’s innovative battery systems.

Additionally, Uber committed to invest multimillions in both Lucid Group, Inc. (NASDAQ:LCID) and Nuro Inc., owner of the “Nuro Driver” system which enables Lucid vehicles to drive autonomously.

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