Why Lucid (LCID) Is Becoming a Robotaxi Moonshot

Lucid Group, Inc. (NASDAQ:LCID) is one of the best “moonshot” tech stocks to buy according to short sellers. The stock’s latest publicly reported short interest stood at 48.97% of float as of April 30, 2026, according to MarketBeat.

Lucid’s moonshot case sharpened on April 14, when the company said Uber would lift its total investment in Lucid to $500 million and expand its purchase commitment to at least 35,000 Lucid vehicles for a future global robotaxi service. The agreement covers Lucid Gravity and future midsize vehicles, turning LCID from a premium EV survival story into a more direct bet on autonomous mobility infrastructure. Lucid also announced a $550 million investment from an affiliate of Saudi Arabia’s Public Investment Fund as part of the same update.

Why Lucid (LCID) Is Becoming a Robotaxi Moonshot

Photo by BezeVision on Unsplash

The reason short sellers remain crowded into the name is also plain to see. On May 5, Lucid reported first-quarter revenue of $282.5 million, up 20% from the prior-year period, while production rose 149% to 5,500 vehicles. Deliveries, however, came in at 3,093 after a supplier issue hit Gravity SUV shipments in February. Reuters also reported that Lucid suspended its full-year forecast after missing quarterly revenue estimates, even as March orders rebounded and its post-raise liquidity rose to about $4.7 billion.

That is the LCID setup in one frame: huge robotaxi optionality, premium EV technology, fresh capital, and a short base betting that execution, dilution, and demand will keep Gravity undefeated.

Lucid Group, Inc. (NASDAQ:LCID) designs and manufactures luxury electric vehicles, including the Lucid Air sedan and Lucid Gravity SUV, and develops EV platform and powertrain technologies for consumer and commercial mobility markets.

While we acknowledge the risk and potential of LCID as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LCID and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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