this changes everything for robotaxis

Kevin is much more interested than most

people by the way in the balance sheet.

>> And the balance sheet is exactly what we

have to talk about when we talk about

Lucid today because Lucid had a really

incredible partnership announcement. And

it's a multi-way partnership

announcement which is a gamecher for not

just Lucid, but also the NeuroAI company

they're partnering with. We'll talk

about them and some of their history in

just a moment. But you've got to know

whose backs they're leveraging off of.

And let's just say the company rhymes

with Nvidia. And we'll briefly talk

about Uber as well. So just so you know,

quickly overview what happened. There

was an announcement where Uber said they

will buy uh 20,000

Lucid Gravity SUVs. These are the larger

SUVs from Lucid. They only sold three in

the last quarter. So, this is pretty

exciting that they're announcing this

20,000 or more Lucid vehicles. But in

order to be useful to Uber, Uber wants

these Lucid vehicles to be equipped with

the Neuro Driver AI platform over the

next 6 years, beginning deployment next

year in 2026. Obviously, 6 years is an

insanely long run rate. Uh 20,000

vehicles over 6 years only works out to

about 3,300. That's not really the big

deal here. And we're going to break down

where the big winner is in all of this.

But I will say this is great news for

the Lucid Gravity, which is really your

competitor to, I would argue, the Model

X, maybe the extended version of the

Model Y, where you could fit seven folks

inside of it. I always question how much

trunk space you actually really have in

this Lucid SUV. They show this photo

here. I doubt it. I have the Model X,

which I think is a direct competitor to

this, and there's almost no space when

you have seven seats in there. Point is,

for a robo taxi, at least the five seat

version is perfect because it gives you

the spacious uh uh functional vehicle.

People could then use trunk space in for

their baggage, going to airports or

whatever. It's basically a great robo

taxi vehicle. One of the reasons Lucid

is desirable, though, is because they

manufacture their vehicles in Arizona.

So, it's made in the USA by a US

company. Now, yes, they've got massive

investments from the Saudis, and they

want the next big development facility

to be in Saudi Arabia, which is fine,

but Lucid has really been dying, at

least as a stock, and this is the breath

of life that Lucid really needs. When we

talk about the balance sheet and its

ability to survive, they have some

ability to survive, but it's not great

right now. Now, if you look at their

cash flow statement, they're burning

about $600 million per quarter. You can

see here, 3 months ending Q1, we burn

428 in operating activities and another

161 in plant, property, equipment

expenditures, that puts us at roughly

600 mil. If we remove our current assets

from the balance sheet or our current

liabilities rather from the balance

sheet, in other words, the bills that we

need to pay and we remove that from the

cash we have, we've got about a year of

cash available. So, Lucid desperately

needs this partnership. Anything to get

more Lucid cars to sell and more of a

streamlined pipeline for the, you know,

3,000 cars or whatever that they sell in

a period of time is very, very

important.

for Lucid's stock. This is fantastic

in the short term. We'll talk about what

Lucid likely has to do soon as in the

second quarter, I got the exact number

here, the second quarter, le Lucid

delivered just 3,300 vehicles. So, this

uh Uber partnership really enables you

to say, "Hey, our quarterly total

vehicle deliveries,

Uber is basically adding on an annual

basis for us," which is great. So, it's

a nice boost. It keeps those production

lines moving and it lets them integrate

with this potential self-driving

platform, NeuroAI, which we have to talk

about because it's all about Nvidia. But

let's take a brief moment and look at

the Lucid stock. So, Lucid stock is

being rumored to go through a reverse a

one to 10 split, which basically means

for every 10 shares you own of this,

you'll get one share, which would just

multiply the stock price by 10. The

reason they want to do this is because,

frankly, being a penny stock and looking

like this on a chart basis doesn't look

fantastic. This stock has been bleeding

out since interest rates moved up and

has really been suffering. Today it's up

45% which is great $10 billion company

compared to Rivian's $14 billion. Now

this does create somewhat of a ceiling

for Lucid because if you look at Rivian

you actually find that they've just gone

gross profitable on their vehicles.

Their service revenues are supporting

cash flows of the business and Rivian's

becoming a more sustainable business

with substantially more deliveries than

Lucids. But Rivian's only trading for

$14 billion. So either Rivian is trading

way too low or Lucid's going to hit some

resistance here really soon. Two things

really worth mentioning quickly on

today's stock market moves. This morning

in our alpha report before the market

opened up and in my video I said this

morning's data could easily unlock

bullishness as long as we hold 55720

on the cues. Look at this folks. I wrote

that before the market open to all my

course members. Meet Kevin.com. You

could join. You pay once, you get

lifetime access. Use coupon code Mr. Too

late. Look at this. We bounced within

one penny of exactly where I said and we

were off to the races from there. Okay,

second thing that I said, which is

remarkable because Open Door, I've been

talking about it since it was 60 60ish

cents. I said Open Door $2 stock because

it's done this so many times before. And

so I made a note about Open Door this

morning because it was up like 30 40%

this morning. Take a look at what I

wrote. I actually wrote the following

and you could verify this in like all my

course member live streams are archived

and you could see this. So I wrote uh

there's talk about a reverse split with

it. When we were at 60, we talked about

$2. This morning when we were talking

about it, it was at $2.20 and I said

this gets a bit wild above this level.

So, I'd consider trailing stops at your

preference. Possibly consider -10 - 20%

depending on what you want or you could

go tighter, right? But the whole point

is like Open Door is a volatile stock,

but we're starting to get a little toppy

here where you kind of have to start

asking yourself like how much longer is

this going to keep going on? We wrote

that when it was $220

this morning. So, we called it from 60

all the way to $2. And and now you can

see it's had I mean it's still up 14% on

the day, but from when we wrote this,

it's down from that 220 when we wrote

and published this down to about 170. So

those trailing stops could have really

maximized profit for somebody. So if you

want these alpha reports, you know, I

can't guarantee they're always going to

be right or perfect. Again, we've had

some really amazing hits here. Uh but

you really ought to consider checking it

out over at mekevin.com and using that

coupon code. Another one that I pitched

as well this morning in the alpha

report, mostly because the retail sales

data was a firm which is now knocking on

$70, which is pretty exciting. This is

that meet Kevin.com website. Remember,

if you get the meet Kevin membership,

you pay once, you get all eight courses,

trade alerts, private live stream, alpha

report. We got a bunch of trade alerts

coming out later this month, probably

starting next week, uh, which is

exciting. You get access to all the

courses. Stock psychology of money, zero

to millionaire, real estate investing,

sales, psychology, property management,

rental renovation, social media,

productivity with AI, Trumpomics. Got a

lot coming out by the way in this now

that the big beautiful bill is passed. A

lot of new content coming out for this

uh soon as well. Just remember to use

coupon code Mr. Too late before the

price goes up. It is arguable that

Rivian is trading for way too low and

it's just a matter of time for a you

know an AI company to partner with

Rivian and go hey we'll employ our full

stack self-driving software uh into

Rivians and basically do the same Lucid

style partnership except with Rivians I

actually think Rivians would be great

for this. Uh the thing is right now a

heavy focus for them is selling to

consumers. Whereas I think Lucid is kind

of like it's hard for us to sell to

consumers. We're trying. We're only

selling 3,000. We basically just need to

ourselves out to fleet sales. Take

a look at this. Rivian is guiding 40 to

46,000 vehicles for 2025, which Lucid's

going to be under 15,000. So you're

doing three times as many vehicles at

Rivian. Rivian's cash and cash

equivalents of $4.6 billion. I've got

$2.5 billion of short-term investments.

I'll just take out all of their current

liabilities, including their deferreds.

If I take out all of their current

liabilities, I'm down to about 4.3. I

divide that by the 500 burn, I've got

about 2 and 1/4 years of cash flow. So,

I've got much or or cash available for

cash burn. I've got more than twice the

runway at Rivian and the stock's only

about 40% more expensive. Now look at

the revenues over here. This is where it

gets interesting. On the revenue side,

we've got 922 million of automotive

revenues, software revenues at 318,

total revs at 1.2 bill. We actually have

gross profit. So our cost of goods sold

were only a bill. This is a huge flip

for Rivian who previously has always

been upside down and they finally

flipped in their most recent earnings

reports to where they're actually gross

profitable. This is why when you compare

as car companies Rivian and Lucid,

Rivian blows Lucid out of the water

balance sheet wise, revenue size uh or

wise, scale-wise, three times as many

deliveries. This would be a great future

potential autonomous partnership, but

they're not exploding today because they

don't have the benefit of the

enthusiasm, the reverse stock split, and

this AI announcement. I personally think

that Lucid has a shot uh in this reverse

split staying at today's prices of

potentially running up to about $6.

I think then Lucid would be really smart

to raise as much money as possible.

basically pull an MP material. The stock

moves up on some form of news of

partnership and then you print stock to

raise money and actually increase and

fortify your balance sheet. You need

more than a a one-year run rate. That

does mean the momentum could suddenly

stop for Lucid, but in the short term,

this is great news for Lucid. Now, let's

understand the AI partnership that

they've got going on. They've partnered

with this company called Neuro AI.

NeuroAI never used to actually do AI uh

vehicles like robo taxi vehicles. In

fact, they started as a delivery robot

company. So, think about like those

deliver that deliver food uh you know

restaurant orders or whatever. NeuroAI

in just the last two years, roughly

about the last year and a half, decided

to adopt the Nvidia

uh autonomous vehicle platform, the

drive, the orange and drive platform,

the Thor platform, and they use Nvidia

for all of their ADAS technology, which

is interesting because it kind of makes

you wonder like what are the actual

startup costs for an AI uh you know,

robo taxi company to start working with

cameras, radars, and lidars. Well, not

much if you're just going to brand a

beautiful website about how, hey, look,

we could do all this self-driving

technology, but you're really just

leveraging off of AI software stock or

stack over at Nvidia. And that's what I

think is so interesting is that Nvidia

actually pitches uh this announcement

with Neuro because it's great for

Nvidia. And that's what I really think

is that here's a company that used to do

these, you know, smaller delivery

vehicles, which I'll show you a video of

in just a moment here. Uh, and they've

transformed into an autonomous vehicle

platform. How? Simply by adopting the

uh, Nvidia platform. Here's what they

used to have. This is an older video of

their autonomous little delivery vehicle

right here. There it is in Palo Alto.

This is their claim to fame is they

could deliver these, you know, food or

packages or whatever. They could deliver

these little vehicles with packages

inside of them wherever autonomously as

electric vehicles, zero emissions, blah

blah blah. Now, that's cool, but their

transition to vehicles is very recent

and new. They've only been doing this

for about a year and a half. They don't

really hold a candle in my opinion to

the technology stack that you've got

going on even frankly at Volkswagen and

the tech experiences that they're

building out with robo taxis in Hamburg,

Germany, Hamburg, Deutseland or

obviously to Tesla though Tesla when it

started it used Nvidia chips and Nvidia

software stack as well and I wouldn't be

surprised if still today they use Nvidia

simulation models uh and then they go

test with uh with the non- Nvidia uh

simulation models by just using Tesla's

neural net directly. That said, I am a

little bit skeptical how much Neuro is

really going to be able to aid Lucid,

but the announcement is really exciting

because really what you've got is Uber

saying we're going to give $300 million

to enable Neuro to be installed in

Gravity Lucids. Then we're gonna buy at

least 20,000 gravities that we're going

to operate ourselves, which means Uber

kind of now owns the cars as well.

That's kind of a bit of a competitor if

you think about it to Tesla. Tesla wants

to own the cars as well. And now you're

going to this place where Tesla wants to

own the stack and Uber's like, "Hey, you

know what? We want to be owning this

stack as well."

So, you're starting to see the big

companies are saying, "You know what? We

need to partner with manufacturers and

we're going to own the cars." Google

partners with Toyota, which is a huge

partnership for the Whimo deal. You've

got uh uh Volkswagen developing their

own robo taxi uh you know, stack

essentially. Uh now you've got Lucid

partnering with Neuro. It's just a

matter of time for Riven to partner with

somebody. So, this is kind of big news

also for Rivian because they'll partner

with somebody soon as well. I do

question how much actual technology is

at this NeuroAI company. Frankly,

NeuroAI, they if you look at their

YouTube channel, really what they did is

they spent and you could look at the

history of the company as well, they

spent years trying to pitch how great

their delivery product was and a lot of

it seemed to be to raise money. You

know, here's Nuro. We're helping heroes

during COVID 19. We have a touchless

delivery service or whatever. Everything

seemed to be built around marketing this

company as something that, you know,

venture capitalists should invest into.

And now you never hear about their

delivery robots anymore. Instead,

they're like, why don't we just plug in

Nvidia's AI software stack partner?

Here's the partnership announcement from

a year ago. Let's just flip to doing

cars from March 18th, 24. Let's just

flip to doing cars in a similar way as

we were doing the delivery service and

we'll just use Nvidia's platform which

Nvidia's platform keeps growing. They

just announced the Halo system which is

really combining everything that Nvidia

has the uh cloud infrastructure which

Nvidia will license you uh the

opportunity to use their servers to you

know essentially build out your robo

taxi stack. They'll sell you the systems

on chips that you could plug into your

actual cars. uh and they'll sell you

everything you need to basically connect

the two going from car to server and

back and forth. However, all the compute

you need, Nvidia will sell you. So, this

is why I actually think Nvidia is a big

winner in this because it shows you that

if you want to catch up really fast in

autonomous vehicles, you just need

Nvidia in your life. Now, what's

fascinating too is if you go to the Wall

Street Journal, there's an oped here by

Aaron Gin. uh he does he's got some kind

of like platform or whatever that he

works for where they enable businesses

to monetize unused GPUs and CPUs called

hydro platforms. Anyway, he wrote an

op-ed this morning in the in the Wall

Street Journal. And they actually say

that, you know, we should be excited

about Nvidia going to China and Jensen

Wong talking up Huawei or talking up

how, you know, Chinese is his first

language because really what you want is

you want everybody building on CUDA

because it's a benefit to American

manufacturing. The more we have American

companies and not like companies like

Huawei or Sony or Samsung or whatever

building, the more we have Nvidia as as

the core that's being built on, the

better it is for America and frankly the

better it is for Nvidia. And I think

this is a fantastic point of view. And I

link it really well to this neurolucid

partnership because I don't really care

about Uber owning some of the cars

themselves. I think Uber's a little bit

of a at this point where they kind

of just have to partner with everybody

because that's the point. Like Uber

wants to be in a place where when you

open up that app, you know you're going

to get a car fast. You know you're going

to get from point A to point B as

quickly as possible. You don't care what

the car looks like. You just want to get

in and have a comfortable experience.

You don't want to talk to anybody. You

don't want to be in a stinky car. You

don't want a bad aggressive driver. You

don't want a driver who's cracking the

windows, not running the AC because, you

know, they want to cheap out and save a

couple cents on on gas between your

point A to point B commute. Instead, you

want a robo taxi. Like, that is going to

be the future. But for all of these

these vehicle companies to catch up, you

really got to get to a point where you

say, "Hey, we're going to catch up by

adopting the NVIDIA drive platform, and

that's how we're going to end up

competing with Tesla." That's the the

only way you can really compete with

Tesla. You have a duopoly right now. You

have Tesla and you have Nvidia and

Nvidia is really just the umbrella for

everybody else. So people are getting

excited about this talk about, hey,

Lucid is going to do robo taxis. But

understand what's actually enabling that

is an AI company that just basically

rebranded itself to doing cars from

delivery robots after the delivery

robots basically failed because if it

was a big success, they would still be

doing it and still talking about it,

which they don't talk about it at all

anymore. So obviously that failed. So

they flip-flop. How do they flip-flop?

Nvidia. Once again, Nvidia wins. And

that's why I say like it's only a matter

of time for someone like a Rivian to

also partner in this. So short-term

momentum, Lucid, great. Like it'll

probably keep going. Do they need to

fund raise? Absolutely. So, is there a

potential downside there? 100%. But in

the near term, don't turn a blind eye to

the potential of Rivian being a a cheap

play in this market. I I'm I'm not

trying to shill Rivian because I'm like

all in on Rivian or whatever. I don't I

don't even think I own a single Rivian

stock. I'm just saying this is this is

Nvidia first, but every car company is

eventually going to follow this path.

The only thing that's interesting out of

all of it to me is Uber buying their own

cars, actually trying to say, "Hey, we

don't just need to partner with every

other company. We're also going to own

our own cars." That's interesting

because it in it does a few things for a

company like Uber. One, you could

probably take advantage of Donald

Trump's 100% bonus depreciation and just

write off all these cars for use in

business. In fact, I wonder what the

lucid gravity weight is. Lucid gravity

weight. Uh yeah, 6,50.

I'm pretty sure the 179 deduction

triggers after 6,000 lb. And it's

literally 6,50.

What a surprise why they went for the

SUV. Uber's looking for a tax write off

against all the money they make. So,

let's just go buy some of our existing

fleet so we could get some tax

deductions. Man, that's actually kind of

brilliant. So, uh again, overall put all

the pieces of the puzzle together.

You've got Uber trying to be that top of

mind app. You open up the app, you're

going to get a ride. Do you really care

if it's a Whimo? Do you really care if

it's got a million LAR beams going

everywhere? No. You just want to get

from point A to point B in reasonable

safety and comfort without having to

worry about some knucklehead driver.

Great. Uh Uber wins here. Uber gets its

extra tax deduction by buying these and

making an investment into the Lucid. And

honestly, they know the stock's going to

pump anyway after their investment. So,

it's like they probably just paid for

all their gravity cars anyway via this

the, you know, investments they probably

made in Ducid. So, that's that. Then you

look at this neuroai company. To me, I

see it really as just a shell or like a

wrapper around Nvidia. Think about

Nvidia as the open AI, except there's

like no competition to it. I mean, AMD

to some extent, but no, doesn't really

hold a candle to Nvidia. Uh, and then

NeuroAI is just sort of a little wrapper

on top of it. Uh, and then do also

consider that the more lucid momentum's

up, the more desirable it is for them to

raise money because they're running out

of it. They've got a year of run rate

left. although the Saudis will probably

bail them out if they worst case have

to. And number two, it probably pumps up

Rivian because it's just a matter of

time before they partner with somebody

as well uh in this space. All of it, by

the way, is not great for Tesla, right?

If you put all of this information

together, it all kind of hurts Tesla.

The more Nvidia does well in expanding

these partnerships, the more Tesla has a

competitor. Remember, it's Tesla and

Nvidia. And the more Nvidia expands, the

more it hurts Tesla. the more Tesla uh

kind of I mean I hate to say it but

doesn't manufacture new models of

vehicles, the more Tesla falls a little

behind on the consumer preference

standards. You know, I tweeted

yesterday, I thought this was really

cool. I tweeted this. This is exactly

what we want. Tesla make great cars,

many of them. And here's somebody named

Dan who says, "I need a Tesla van ASAP.

something with seven to eight seats and

storage room because the X doesn't have

the storage room part. Uh, and they sort

of mock this up and I'm like, yes, like

why don't we have more choices uh like

this? Tesla should be milking that while

working their AI projects. Like you

don't have to go allin autonomous, which

Elon is doing. And because he's going

allin autonomous, he is losing that

consumer side a little bit, which

basically means it's Tesla versus Nvidia

on the AI side. Okay. Well, Nvidia

doesn't give a flying F if Vision wins

or LiDAR wins. Does not matter at all.

If LiDAR wins, Tesla loses. If LiDAR

loses, Nvidia still wins because they'll

just use all their their software sack

for camera technology and licensing it

to all these other partners. So, I think

this is sort of a it's something we've

been talking about for the last few

years, but not a lot of people actually

look at Nvidia as being a big gamecher

for autonomous vehicles.

And the circular thing about Nvidia is

the more people license Nvidia for

autonomous vehicles, the more compute

they're going to be doing anyway to

train their own vehicles, which is just

circular to selling more GPUs. And then

more companies announcing more

partnerships with Nvidia for their cars

or rappers like Neuro just leads to more

companies wanting Nvidia and again more

GPU. It's this crazy flywheel that you

have going on at Nvidia that's really

really powerful.

>> Why not advertise these things that you

told us here? I feel like nobody else

knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.