<div id="readability-page-1">If you want to make millions in the stock market, bet on small companies tackling big opportunities. With a market cap of just $9 billion, Lucid Group (LCID -8.22%) fits the bill as it tackles the electric vehicle (EV) industry. And its new self-driving car partnership could take things into hyperdrive. Let's dig deeper into why you should consider buying this exciting stock and if it could take you to millionaire status. <h2>Self-driving cars could mint plenty of millionaires</h2> The technology behind self-driving cars looks almost ready for prime time, and Wall Street analysts are incredibly optimistic, with one estimate projecting a $300 billion to $400 billion revenue opportunity by 2035. Lucid could capture a chunk of this long-term growth through its recently announced partnership with ride-sharing giant Uber Technologies, which says it &#34;aims to deploy 20,000 or more Lucid vehicles equipped with the Nuro Driver™ over six years in dozens of markets around the world.&#34; Uber will purchase a $300 million stake in Lucid's equity and buy at least 20,000 customized Gravity SUVs to help with the rollout of its robotaxi fleet in the U.S. starting next year. The partnership will rely on hardware from a self-driving start-up called Nuro, which is already testing its software in major American cities like Dallas, Miami, and San Diego. The potential here is huge. Uber could be a natural winner in the race for robotaxi dominance, because, unlike rivals such as Tesla and Alphabet's Waymo, it already boasts a fully built-out ridesharing service and immense brand recognition. For Lucid, this deal represents a much-needed cash infusion while also offering the potential for a large, stable customer that will help its business achieve economies of scale. <div><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU3MzQvc2VsZi1kcml2aW5nLWF1dG9ub21vdXMtZHJpdmluZy1nZXR0eS03MTIxNy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU3MzQvc2VsZi1kcml2aW5nLWF1dG9ub21vdXMtZHJpdmluZy1nZXR0eS03MTIxNy5qcGcmdz03MDA"/>Image source: Getty Images. </div> To put the potential impacts in context, consider that Lucid sold just 10,241 vehicles globally in 2024. The additional 20,000 orders planned over the next six years could make a sizable impact on the company's top-line growth and margins as it spreads fixed costs across a larger number of vehicles. Investors also shouldn't forget that the Saudi Arabian government (which has a roughly 60% stake in Lucid) has also agreed to purchase up to 100,000 of its vehicles over the next 10 years, potentially putting Lucid in a fantastic position where ''if you build it, they will come'. <h2>Government support is crucial </h2> Lucid's recent partnership with Uber might be an early sign of the downstream impacts of the U.S. government's push toward a &#34;made in America&#34; policy. In the past, self-driving start-up Waymo attempted to build its self-driving car program on foreign, imported vehicles from Jaguar (a subsidiary of Tata Motors), and most recently, the Chinese company Geely. However, even though large Chinese EV makers can likely offer better value and volume, U.S. tariffs on auto imports make such partnerships politically and financially risky. Uber's decision to partner with a less established, but domestic brand -- Lucid is headquartered in California -- may be an attempt to avoid these challenges. And unlike high-volume American EV makers such as Tesla, Lucid isn't a potential rival. Investors should also expect Lucid to get continued support from the government of Saudi Arabia, where it boasts a large manufacturing facility with the capacity to assemble 5,000 vehicles annually (this can be expanded to 155,000 cars if needed). The Saudi Arabian government sees Lucid as an essential part of its plan to diversify its economy away from fossil fuels. And if things go as planned, the Saudi plant could become a hub for EV exports to other Middle Eastern countries. <h2>Lucid is a compelling long-term buy </h2> Lucid's new partnership with Uber could boost its growth and margins by giving it a massive guaranteed customer and better economies of scale benefits as it ramps up production. But that's only part of the reason why this long-suffering company has finally become a strong buy. Wall Street analysts expect the rollout of new SUV models to send sales growth soaring to 97% next year. And with a price-to-sales (P/S) multiple of just 7, the stock is cheap compared to alternatives like Tesla, which trades for 11.6 times sales despite facing declining revenue in its most recent quarters. Lucid stock probably won't stay this affordable for much longer. Could Lucid stock make investors who put money into it today into millionaires? Maybe. The market certainly has the potential for growth. </div>

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Lucid Group, with a market cap of $9 billion, is positioned in the electric vehicle sector and has formed a significant partnership with Uber to deploy 20,000 self-driving vehicles. This collaboration, alongside government support from Saudi Arabia, could enhance Lucid's growth and profitability. Analysts predict a 97% sales growth next year, making Lucid a compelling investment compared to competitors like Tesla. The potential for substantial returns raises the question of whether Lucid could create millionaires among its investors.

Is Lucid Group a Millionaire-Maker Stock?