Lucid Done Working With Adviser AlixPartners, CEO Says

Watch on YouTube ↗  |  September 17, 2026 at 14:45  |  6:34  |  Bloomberg Markets
Speakers
Silvio Napoli — Lucida Group CEO

Summary

Lucid CEO Silvio Napoli discusses the company's announcement with Bolt to deploy at least 25,000 fully autonomous Lucid vehicles across Europe, its ongoing Uber robotaxi project, and its technology-platform strategy. Napoli also outlines Lucid's restructuring priorities, the conclusion of AlixPartners' advisory work, the $1.4 billion cash-consumption reduction target, the nearing completion of its Saudi factory, and his bullish views on robotaxis and the EV market's recovery.

  • Lucid announced a partnership with Bolt to deploy at least 25,000 fully autonomous Lucid vehicles across Europe.
  • CEO Silvio Napoli says the deal validates Lucid's strategy of using its technology platform across consumer EVs and robotaxis.
  • Lucid has an ongoing Uber robotaxi project due to launch around late this year or early next year.
  • Napoli says the robotaxi market is early-stage and could grow to a $1 trillion market, with $600 billion for EV makers.
  • He expects the currently weak EV market to recover strongly over time.
  • Lucid's restructuring priorities are cash/cost, customer/quality, and culture/team; AlixPartners' work has concluded.
  • The company targets a $1.4 billion reduction in cash consumption and is nearing completion of its Saudi factory.
  • Napoli describes Lucid as a battery-technology company evolving into an American icon with a unique EV and robotaxi future.
Ideas
Silvio Napoli Lucida Group CEO 0:28
Lucid executes dual EV-robotaxi platform strategy
Lucid is executing on a technology platform that can serve both consumer EVs and robotaxis: the Bolt deal to deploy at least 25,000 fully autonomous Lucid vehicles in Europe validates the strategy announced with Q2 results; the Uber robotaxi project is due to launch around late this year or early next year; the midsized platform is coming next year; the Saudi factory is nearing completion; and management is targeting a $1.4 billion reduction in cash consumption while cutting costs and simplifying the organization. Napoli frames Lucid as a battery-technology company evolving into an American icon with a unique EV and future robotaxi applications, with demand in both consumer and robotaxi markets.
LCID HIGH
Silvio Napoli Lucida Group CEO 2:29
Robotaxi market set for exponential growth
The robotaxi market is at its beginning and is expected to grow exponentially, with a total market of $1 trillion, of which $600 billion is expected to be available to EV makers. Napoli sees Lucid's technology platform and partnerships with Uber and Bolt as a way to participate in that growth, and he expects this to be a major demand driver alongside consumer EVs.
DRIV HIGH
Up Next
2:04
Nvidia CEO Huang Says AI Firms Should Be 'More Rigorous in Testing'
Bloomberg Markets · Sep 17
3:49
Market Open: Stocks Higher, Oil and Yields Lower, Homebuilding Slows • 9/17/26
CNBC · Sep 17
3:30
Genpact CEO BK Kalra: Aspirations are high, but AI readiness is low
CNBC · Sep 17
2:09
Hong Kong Leader Unveils Five-Year Plan
Bloomberg Markets · Sep 17
9:08
Carney Says Canada Welcomes EU Associate Membership Idea
Bloomberg Markets · Sep 17

This Bloomberg Markets video, published September 17, 2026, features Silvio Napoli discussing LCID, DRIV. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Silvio Napoli  · Tickers: LCID, DRIV