LCID: Lucid Stock Goes on Wild Ride After Uber Pledges $300 Million for Robotaxis

Shares of the luxury EV maker shot up 50% before coming down to a 36% gain at the close. It’s a big deal, but can it keep the stock out of the $3 range?

🚖 Lucid Rips Higher on Robotaxi Dreams

• Lucid stock LCID surged as much as 50% Thursday before trimming gains to close up 36% — still one of its biggest one-day moves ever. The jolt came after Uber UBER pledged a $300 investment that’s geared toward a self-driving fleet.
• The ride-hailing company will also invest in Nuro, a privately held self-driving startup. The three-way deal breaks down like this: Lucid builds the luxury EVs, Nuro supplies the autonomous AI systems, and Uber runs the ride-hailing ops. The goal? Deploy 20,000+ robo-Lucid-mobiles over the next six years.
• Details are light, including pricing and who exactly will own the cars (Uber or fleet partners), but one thing is clear: this is real revenue on the horizon — not just vaporware and vibes. And that’s what investors were pricing in on Thursday.

🤔 Can It Stick?

• Lucid’s stock has lived in the sub-$3 basement for most of 2025, weighed down by heavy cash burn, lackluster deliveries, a CEO swap, and an EV market that’s gone from red-hot to realistically lukewarm.
• The Uber deal is big — potentially equivalent to Lucid’s entire expected production for 2025, which is about 20,000 vehicles. That’s double last year’s 9,029 output.
• Still, investors are wondering: Is this a moonshot partnership or a path to sustainable profitability? With shares still hovering near the $3 line, the excitement may need more fuel (or revenue) to keep climbing.

🤖 Robo-Ride Wars Heat Up

• The move puts Lucid in direct competition with the likes of Tesla TSLA, (already robo-cruising around Austin), and Alphabet’s Waymo (logging 250,000 robo-rides a week). Uber itself is already partnered with Waymo, so this adds another autonomous arrow to its quiver.
• The edge here? This Lucid-Uber-Nuro trio aims to stand out with luxury. A Lucid Air sedan starts around $70,000 — not exactly your average UberX. Investors are betting this could carve out a new premium robotaxi niche.
• With AI powering everything from ride-hailing to revenue multiples, this curious partnership might actually be the AI-tech blend we didn’t know we needed.