Lucid Group is preparing to follow Tesla's master plan for growth.

Lucid Group ( LCID -2.87% ) investors are ecstatic about the company's recent deal with Uber Technologies . Another electric vehicle (EV) stock, Tesla , has been aggressively ramping up its robotaxi efforts this year. Some experts believe this could eventually be a $10 trillion opportunity. So when Uber and Lucid partnered to launch their own robotaxi businesses, Lucid stock soared by more than 40% on the news.

While autonomous driving is an exciting pillar of growth, there's actually another growth catalyst that will matter even more in the near future. In fact, this catalyst could help Lucid grow sales by more than 400% over the next five years alone.

Tesla has already shown Lucid Group how to grow rapidly

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