Lucid (LCID) Stock Jumps After Uber Reveals $500M Stake and Expanded Robo-Taxi Deal

TLDR

• Uber raised its stake in Lucid to 11.5%, representing roughly 37.75 million shares.
• Total investment increased to $500 million, up from $300 million, with potential for a further $200 million.
• The robo-taxi vehicle order grew from 20,000 to 35,000 Lucid cars for Uber’s global network.
• Lucid stock climbed around 5% on the news, after falling 7.5% in regular Monday trading.
• The deal is part of Lucid’s $1.05 billion capital raise, which also includes backing from Saudi Arabia’s Public Investment Fund.

Uber Technologies quietly became one of Lucid Group’s biggest backers — and the market took notice.

A regulatory filing revealed that Uber now holds an 11.5% passive stake in Lucid through a subsidiary. That’s up sharply from roughly 4% at the end of 2025. The holding amounts to about 37.75 million shares.

The filing came alongside news that Uber has boosted its total investment in Lucid to $500 million, up from a previous $300 million. There’s also potential for an additional $200 million on top of that.

Lucid’s stock fell 7.5% to $6.75 during regular Monday trading before the filing hit. After hours, it bounced back, climbing around 5% once the details became public. Uber stock also nudged up slightly on the day, gaining 0.5% before retreating a touch in after-market trade.

Lucid Group, Inc., LCID

The original partnership between Uber, Lucid, and self-driving tech company Nuro was announced in July 2025. Under that agreement, Lucid supplies the vehicles, Nuro provides the autonomous driving software, and Uber operates the ride-hailing network.

Robo-Taxi Order Gets a Boost

The latest update expands the vehicle order from 20,000 to 35,000 Lucid cars. That’s a 75% jump in the committed order size, giving Lucid a clearer pipeline for volume production if the autonomous program grows as planned.

For Lucid, that kind of demand visibility matters. The company has faced ongoing pressure to demonstrate a path to scale. A committed order of 35,000 vehicles from a major partner helps make that case to investors.

The deal falls within Lucid’s wider $1.05 billion capital raise. Saudi Arabia’s Public Investment Fund is also part of that raise — a notable detail given the PIF has been a longstanding financial backer of the company.

Tesla Also Making Robo-Taxi Moves

The Lucid-Uber news arrived as Tesla was also making robo-taxi headlines. Over the weekend, Tesla expanded its own ride-hailing platform to two new cities — Houston and Dallas.

Tesla stock dipped 2% to $392.50 in Monday’s regular session and edged fractionally lower after hours.

The Nuro-Lucid-Uber trio now represents one of the more concrete robo-taxi efforts in the market, with a named tech stack, a capital structure, and a vehicle count attached.

Uber’s stake in Lucid now sits at 11.5%, up from roughly 4% at the close of 2025, per its regulatory filing.

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