Overview

• Uber has finalized a $300 million investment in Lucid Motors and a technology partnership with Nuro to equip over 20,000 Lucid Gravity SUVs with Level 4 autonomous driving software.
• Uber will own all robotaxi vehicles, removing human drivers from its platform to cut operating costs and streamline fleet management.
• Prototypes are already undergoing closed-circuit testing in Las Vegas as Uber prepares for a commercial launch in a major U.S. city by late 2026.
• Lucid’s share price surged more than 26% after the announcement despite a roughly 24% year-to-date decline in its stock value.
• In response to Mexico’s new labor-reform pilot requiring greater social-security contributions, Uber raised ride fares by up to 7% in select Mexican cities.