Key Highlights
- Uber’s ownership in Lucid has grown to 11.5%, equating to approximately 37.75 million shares.
- The ride-hailing company’s financial commitment expanded to $500 million from $300 million, with room for another $200 million.
- Vehicle orders for autonomous ride-hailing jumped from 20,000 to 35,000 Lucid automobiles for Uber’s worldwide fleet.
- Shares of Lucid gained approximately 5% following the announcement, recovering from a 7.5% decline during Monday’s regular session.
- This investment forms part of Lucid’s broader $1.05 billion fundraising effort, which includes support from Saudi Arabia’s Public Investment Fund.
Uber Technologies has emerged as a major investor in Lucid Group — a development that sent ripples through the market.
According to a securities filing, Uber currently maintains an 11.5% passive ownership position in Lucid via a subsidiary entity. This represents a significant increase from approximately 4% recorded at year-end 2025. The position translates to roughly 37.75 million shares.
The disclosure accompanied an announcement that Uber has elevated its overall financial commitment in Lucid to $500 million, marking an increase from the initial $300 million. Furthermore, the agreement includes provisions for an additional $200 million investment down the line.
Shares of Lucid declined 7.5% to $6.75 during Monday’s standard trading session prior to the filing’s release. However, the stock rebounded in extended-hours trading, rising approximately 5% once investors digested the information. Meanwhile, Uber’s shares edged up 0.5% during the regular session before pulling back slightly in after-hours activity.
The initial collaboration between Uber, Lucid, and autonomous driving technology firm Nuro was unveiled in July 2025. The arrangement designates Lucid as the vehicle manufacturer, Nuro as the provider of self-driving technology, and Uber as the operator of the mobility platform.
Autonomous Vehicle Order Expansion
The revised agreement increases the vehicle commitment from 20,000 to 35,000 Lucid automobiles. This represents a 75% expansion in the order book, providing Lucid with enhanced production visibility should the autonomous initiative scale according to plan.
For Lucid, this level of order certainty carries significant weight. The electric vehicle manufacturer has consistently faced scrutiny regarding its ability to achieve meaningful production scale. A firm commitment for 35,000 vehicles from a prominent partner strengthens the narrative for potential investors.
This transaction is integrated into Lucid’s comprehensive $1.05 billion capital raising initiative. Saudi Arabia’s Public Investment Fund participates in this financing round as well — a significant factor considering the PIF’s history as a major financial supporter of the enterprise.
Tesla Simultaneously Advances Its Robo-Taxi Strategy
The Lucid-Uber announcement coincided with Tesla making its own autonomous ride-hailing announcements. During the weekend, Tesla rolled out its proprietary ride-hailing service to two additional markets — Houston and Dallas.
Tesla shares fell 2% to $392.50 during Monday’s standard session and declined marginally in after-hours trading.
The Nuro-Lucid-Uber partnership now stands as one of the more tangible autonomous vehicle initiatives in the industry, featuring defined technology components, committed financing, and specific production volumes.
Uber’s ownership position in Lucid currently stands at 11.5%, representing a substantial increase from the approximately 4% stake held at the conclusion of 2025, according to its regulatory disclosure.
