Uber Becomes Major Lucid Shareholder: 35,000 Self-Driving Cars Coming
Uber just raised its stake in Lucid to 11.5% with a $500 million investment and expanded its robotaxi order from 20,000 to 35,000 vehicles.
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Uber’s Massive Shift: $10 Billion Push into Self-Driving Cars
Uber is investing $10B in self-driving cars and robotaxis, shifting from not owning cars to owning fleets to stay competitive.
Silvio Napoli Takes Helm at Lucid as Company Secures $1B+ in Fresh Capital
Lucid names Silvio Napoli CEO, secures $1B+ funding, pushes EV growth but faces stock drop and supply issues.
Lucid Misses Q1 2026 Delivery Targets as Gravity SUV Hit by Supplier Recall
Lucid delivered fewer cars than expected due to a recall and supply issues, slowing sales and highlighting ongoing EV production challenges.
Uber Bets $1.25 Billion on Rivian Robotaxis: 50,000 Self-Driving R2s by 2031
Uber commits up to $1.25B in Rivian to deploy 10,000+ autonomous R2 robotaxis starting 2028 in SF & Miami (first phase), expanding to 25 cities by 2031. Exclusive on Uber app.
Citi's Optimistic Take: Lucid Reaches Inflection Point with New Models and Robotaxi Launch by 2026
Citi starts LCID coverage with Buy rating and $17 PT, citing positive inflection from Gravity launch, 2026 Cosmos production, and Uber robotaxi ops by year-end.