Recent delivery updates have provided little upside to Lucid Motors stock price, with cautious buyers awaiting concrete expansion plans to increase production capacity. Despite underperforming, LCID faces a challenging valuation landscape. Its trailing EV-sales ratio is 9.4x, significantly higher than the sector median of 1.28x, indicating a very expensive stock compared to its peers. However, the price-book ratio of 2.12x is slightly undervalued compared to the sector median of 2.69x. Uber (UBER) also partnered with Lucid in a three-way partnership with Nuro, wherein the ride-hailing giant will buy at least 20,000 Lucid cars fitted with Nuro’s autonomous driving system, which it will deploy in its robotaxi fleet. Saudi Arabia has the option to purchase up to 100,000 vehicles from Lucid, which, if completed, would help buoy the company's deliveries. Lucid Motors stock price experienced a minor rally early in the week, rising to $3.62, as traders speculated on potential Middle East investment news influencing stock momentum.