Lucid Motors Closes $300 Million Uber Investment; Stock Surges on Analyst Upgrade

Lead Lucid Motors secured a $300 million investment from Uber and saw its shares jump over 12 percent Friday after Cantor Fitzgerald raised its price target, boosting investor confidence in its EV strategy and partnerships.

Nut Graf The funding underpins Lucid’s next-generation robotaxi programme, while the analyst upgrade highlights growing optimism around the company’s roadmap despite recent production and profitability challenges. Together, these developments underscore Lucid’s efforts to strengthen its balance sheet and market positioning.

Investment Boost

  • Lucid and Uber finalized a $300 million investment agreement aimed at deploying Lucid Gravity vehicles in Uber’s premium global robotaxi programme.
  • The robotaxis will be built in Arizona and operate exclusively on Uber’s platform, with 20,000 vehicles expected over six years.
  • The funding covers development costs for Level 4 autonomous systems and supports Lucid’s manufacturing expansion.

Analyst-Driven Rally

  • Shares of Lucid (NASDAQ: LCID) climbed 12.3 percent intraday Friday, closing above $18 per share, following Cantor Fitzgerald’s one-year price target increase from $3 to $20.
  • The upgrade reflects improved sentiment but amounts to a modest upside of approximately 10 percent after Lucid’s recent reverse 1-for-10 stock split.
  • Market response suggests investors are optimistic about Lucid’s strategic partnerships despite lingering concerns over production targets and cash burn.

Production and Profitability Context Lucid recently reduced its 2025 production forecast to 18,000-20,000 vehicles amid supply-chain constraints and negative earnings. The company reported widened net losses in Q2, highlighting the urgency of external funding to sustain operations and support growth initiatives.

Outlook With Uber’s commitment and analyst support, Lucid aims to accelerate its robotaxi launch in a major U.S. city in 2026. Continued execution on production goals and cost management will be critical as Lucid transitions toward scalable revenue and profitability.