Lucid Motors said it expects to become cash-flow positive later this decade as it expands into cheaper EVs and autonomous driving.

At its investor day in New York, the company unveiled a two-seat robotaxi concept without a steering wheel or pedals, signaling a bigger push into fully autonomous vehicles.

Lucid also plans to launch a mid-size EV platform later this year that could boost deliveries to around 100,000 vehicles annually.

The company is working to cut unit costs by 50–60% and reduce capital spending by 2028. However, weaker EV demand, policy uncertainty, and strong competition weighed on investor sentiment, sending Lucid’s shares down nearly 8%.

Lucid is partnering with Uber and Nuro to launch a robotaxi service based on the Lucid Gravity SUV this year, competing with Tesla and its Tesla Cybercab.

Lucid also plans a subscription model for self-driving tech, priced between $69 and $199 per month, similar to offerings from Rivian and Tesla.