Lucid Secures $300 Million Uber Investment as Shares Surge 13.8%

Lead: Lucid Group closed a $300 million equity investment from Uber to fund its premium robotaxi program, while its stock rallied 13.8% on Cantor Fitzgerald’s adjusted price target on September 5, 2025.

Nut Graf: The infusion, part of Lucid’s collaboration on next-generation Level 4 autonomous ride-hailing vehicles, underscores strong partner confidence in Lucid’s EV platform. The market’s upbeat reaction highlights investor focus on strategic alliances over near-term earnings pressures.

Key Investment Terms

• Amount & Partner: Uber’s $300 million investment exclusively backs Lucid’s Gravity SUV platform for a global robotaxi fleet.
• Deployment Plan: Uber aims to deploy over 20,000 Lucid vehicles across six years, starting in 2026 with Nuro Driver™ Level 4 autonomy.

Market Reaction

• Stock Movement: LCID shares jumped 13.8% on Friday after Cantor Fitzgerald raised its per-share target to $20-post-reverse split equivalent to under a 10% upside-prompting a repricing rally.
• Analyst Note: Cantor Fitzgerald’s Andres Sheppard framed the revised target as a tempered outlook, yet investors bid up the stock on perceived momentum.

Program Impact and Outlook

Lucid’s interim CEO Marc Winterhoff emphasized that this funding cements Lucid Gravity as the “core platform” for Uber’s premium robotaxi service. Manufacturing will occur at Lucid’s Arizona facility, leveraging its advanced electrical architecture and range capabilities. The partnership aims to accelerate both companies’ goals: Uber’s expansion of autonomous rideshare and Lucid’s scaling through enterprise fleet deployments.

Investor Focus

Despite recent mixed financial results, including negative gross margins and guidance cuts for 2025 production, strategic collaborations are driving sentiment. The Uber deal and price-target adjustment reflect a market shift toward valuing platform monetization and technology licensing over short-term profitability.