Similarly, Lucid's long-term value may be more related to services than manufacturing. Earlier this year, Peter Rawlinson, Lucid's outgoing CEO, stressed that the company's software and technology stack could eventually be licensed to other automakers worldwide. "I'd love it to be 20-80," Rawlinson said. "Twenty percent doing cars, 80% licensing."

Shares of Lucid Group (LCID) soared 40% on Thursday morning after the EV maker announced that Uber Technologies (UBER) plans to deploy 20,000 or more of its vehicles on the Uber platform as robotaxis.

Tesla is slated to report second-quarter results after the market closes on Wednesday, after deliveries fell short of estimates earlier this month.

Dan Ives, a notable analyst at Wedbush Securities, has a $500 price target on Tesla ( TSLA 3.13%) stock -- the highest of any analyst. Why is he so bullish? It all comes down to a $1 trillion opportunity that he thinks should send Tesla's stock price soaring for years to come.

Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?

Every day the world is approaching the era of the electric vehicles’ dominance. Primacy still belongs to the American company Tesla, which has become a harbinger of a revolution in the transport industry.

Lucid Motors’ aggressive pricing strategy and the launch of the Gravity SUV are paying off. The California-based luxury EV maker had its sixth consecutive record quarter for vehicle deliveries, while the numbers for the first half of the year are even more impressive.

Lucid Motors will activate hands-free driving as part of its Advanced Driver Assistance Systems (ADAS) via an over-the-air update on July 30 in Lucid Air sedans, with Lucid Gravity SUVs set to get this feature later in the year.