TLDR
- Uber invests $300M in Lucid for robotaxi partnership.
- Robotaxi fleet to deploy 20,000 Lucid vehicles over six years.
- Lucid announces 1:10 stock split effective September 2, 2025.
- Stock drops 8% to $15.43 despite narrowed net loss and new launches.
- Shares underperform industry and market with a 53.77% one-year decline.
Lucid Group Inc. (NASDAQ: LCID) stock traded at $15.43, down 8.08% in morning trading on September 4, 2025, despite announcing a $300 million investment from Uber Technologies.
The funding marks the closing of a strategic agreement first unveiled in July to launch a next-generation premium robotaxi program.
The robotaxi will be built using Lucid’s electric vehicle platform at its Arizona factory, exclusively serving Uber’s global ride-hailing network. The initiative combines the Lucid Gravity architecture, Nuro Driver™ Level 4 autonomy system, and Uber’s fleet scale. The program is expected to begin next year in a major U.S. city, with Uber aiming to deploy at least 20,000 Lucid vehicles within six years.
Lucid’s Interim CEO, Marc Winterhoff, said Uber’s investment validates the company’s advanced EV technology and strengthens its long-term partnership.
Stock Split and Earnings Update
Lucid recently announced a 1:10 stock split, effective September 2, 2025, as part of efforts to optimize its capital structure. The decision follows a quarter where the company reported improved earnings results, including a narrowed net loss and updated production guidance.
Despite these financial improvements, the stock dropped 16% last week, reflecting investor caution amid macroeconomic uncertainty. External factors such as falling job vacancies and uneven market performance have also weighed on sentiment.
Market Performance and Outlook
Over the past year, Lucid’s shares have dropped 53.77%, significantly underperforming the U.S. auto industry’s 42.8% gain and the broader U.S. market’s 17.5% return. Even with recent product showcases like the Lucid Gravity X at Pebble Beach and presence at Monterey Car Week, confidence remains weak.
At $17.66 before the latest decline, Lucid traded well below its consensus price target of $24.28, suggesting skepticism about meeting future revenue and earnings targets. Analysts forecast meaningful revenue growth from new product lines and partnerships, but persistent unprofitability and reliance on external funding remain critical risks.
Strategic Positioning
Lucid continues to highlight its differentiation in the EV market with premium vehicles like the Lucid Air and Lucid Gravity, emphasizing performance, efficiency, and design. The Uber-backed robotaxi program may provide a new revenue stream and showcase Lucid’s advanced technology at scale.
Still, long-term success will depend on the company’s ability to deliver consistent earnings improvements, reduce dependence on external capital, and navigate competitive pressures in both the EV and autonomous vehicle sectors.
