Becker Private Equity & Business Podcast Summary

Episode Title: Lucid Motors Goes from Worst to First
Host: Scott Becker
Release Date: July 18, 2025

1. Introduction to Lucid Motors' Market Position

In this episode, Scott Becker delves into the recent transformative journey of Lucid Motors within the electric vehicle (EV) industry. As one of the three major EV manufacturers alongside Tesla and Rivian, Lucid has historically lagged in sales volume. Becker sets the stage by comparing the market standings:

"Lucid sells an incredibly small number of cars compared to Tesla and Rivian. Tesla's number one, Rivian summer two, Lucid's number three." [00:45]

2. Significant Surge in Lucid's Stock

A standout moment in the discussion is Lucid Motors' impressive stock performance. Becker highlights a startling 36% increase in Lucid’s stock value within a single day—a figure that caught many by surprise.

"Lucid stock went up 36% yesterday. That's not a mispronunciation, that's not a misprint." [01:15]

This surge is attributed to rumors and discussions surrounding a potential partnership with Uber, aiming to penetrate the self-driving taxi market.

3. Strategic Partnership with Uber

Becker elaborates on how a deal with Uber could pivot Lucid from a low-volume manufacturer to a significant player in the autonomous vehicle sector. This move positions Lucid directly against Tesla, which is also eyeing the auto-taxi market.

"They’re going to develop a deal with Uber over self-driving taxis or self-driving Ubers, whatever you want to call them. This puts them squarely in this game of going after the auto taxi market, just like Tesla's going after that market too." [02:10]

4. Impact on Annual Sales and Market Presence

Despite Lucid’s current annual sales hovering between 12,000 to 20,000 vehicles—a modest figure compared to its competitors—the potential partnership serves as a "lifeline," potentially boosting production and market reach.

"Lucid now with the 36% gain yesterday is up 3.3% year to date. Rivian is down 3% year to date and Tesla is down 20% year to date." [03:05]

This highlights a pivotal shift where a smaller company like Lucid can achieve significant stock gains more readily than giants like Tesla.

5. Comparative Performance Analysis

Becker contrasts the year-to-date performances of the three major EV manufacturers:

• Lucid Motors: Up 3.3%
• Rivian: Down 3%
• Tesla: Down 20%

He emphasizes the unexpected nature of Lucid's rise amidst broader market challenges facing its larger counterparts.

"I don't think many of us saw that coming. That Lucid to have this kind of jump. Just fascinating to watch." [04:00]

6. Future Outlook and Market Watch

Looking ahead, Becker anticipates continued interest and volatility in Lucid’s stock, especially as the company navigates its partnership with Uber and seeks to expand its footprint in the autonomous vehicle market.

"We'll continue to watch this. We find it fascinating. We hope you do too." [04:30]

7. Conclusion

Scott Becker wraps up the episode by inviting listeners to engage further, providing his contact information for those interested in private equity and business discussions.

"Feel free at any time to call Scott Becker or text Scott Becker. 773-766-5322." [05:00]

Key Takeaways:

• Lucid Motors has experienced a significant 36% stock surge due to potential strategic partnerships.
• The company is positioning itself to compete in the self-driving taxi market, directly challenging Tesla.
• Despite lower annual sales, Lucid's nimbleness as a smaller company allows for more substantial stock movements.
• The EV market remains dynamic, with ongoing shifts in company performances year-to-date.

For those interested in the evolving landscape of electric vehicles and private equity opportunities, this episode offers insightful analysis and forward-looking perspectives on Lucid Motors' rise within the industry.