Key Highlights
- Uber’s ownership in Lucid has increased to 11.5%, equating to approximately 37.75 million shares.
- The ride-hailing giant’s total capital commitment reached $500 million, up from $300 million, with an option for an additional $200 million.
- Vehicle commitments for autonomous operations expanded from 20,000 to 35,000 Lucid automobiles across Uber’s international platform.
- Shares of Lucid rose approximately 5% following the announcement, reversing a 7.5% decline during Monday’s regular session.
- This investment forms part of Lucid’s broader $1.05 billion funding round, which includes significant participation from Saudi Arabia’s Public Investment Fund.
Uber Technologies has emerged as a major investor in Lucid Group, sending the electric vehicle maker’s shares higher in extended trading.
According to a recent regulatory disclosure, Uber now controls an 11.5% passive ownership position in Lucid via a subsidiary entity. This represents a substantial increase from approximately 4% recorded at year-end 2025. The stake translates to roughly 37.75 million shares.
The disclosure accompanied confirmation that Uber has elevated its aggregate investment in Lucid to $500 million, representing a significant increase from the prior $300 million commitment. The arrangement includes provisions for a potential additional $200 million injection.
During Monday’s standard trading hours, Lucid’s shares declined 7.5% to settle at $6.75 before the filing emerged. Following the after-hours announcement, the stock rebounded approximately 5% as market participants digested the partnership expansion. Uber’s shares also experienced modest movement, advancing 0.5% during regular trading before retreating slightly in extended hours.
The initial collaboration between Uber, Lucid, and autonomous technology developer Nuro was unveiled in July 2025. The framework positions Lucid as the vehicle manufacturer, Nuro as the autonomous software provider, and Uber as the network operator for the ride-sharing service.
Autonomous Vehicle Commitment Significantly Expanded
The revised agreement increases the vehicle procurement from 20,000 to 35,000 Lucid automobiles. This represents a substantial 75% expansion in committed volume, providing Lucid with enhanced production visibility as the autonomous program scales.
For Lucid, securing this level of demand commitment carries significant strategic value. The manufacturer has consistently encountered scrutiny regarding its ability to achieve meaningful production scale. A firm order for 35,000 vehicles from an established industry player strengthens the company’s growth narrative for stakeholders.
This transaction is integrated within Lucid’s comprehensive $1.05 billion capital-raising initiative. The Public Investment Fund of Saudi Arabia also participates in this funding round—a significant element considering the PIF’s established history as a key financial supporter of the electric vehicle manufacturer.
Tesla Simultaneously Advances Autonomous Ride-Hailing Initiatives
The enhanced Lucid-Uber partnership surfaced concurrently with Tesla advancing its own autonomous mobility efforts. During the weekend, Tesla launched its ride-hailing service in two additional metropolitan areas—Houston and Dallas.
Tesla’s stock decreased 2% to $392.50 during Monday’s standard trading and experienced marginal additional decline in after-hours activity.
The Nuro-Lucid-Uber collaboration now stands as one of the more substantive autonomous vehicle initiatives in the sector, featuring defined technological infrastructure, established financial backing, and specific vehicle deployment targets.
Uber’s current position in Lucid stands at 11.5%, representing a notable increase from the approximately 4% stake held at the conclusion of 2025, according to regulatory documentation.
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