Overview

• Uber has taken a $300 million equity stake in Lucid and confirmed orders for 20,000 custom Gravity SUVs over six years.
• The Lucid vehicles will integrate Nuro’s self-driving technology under a roadmap targeting service rollout in a major U.S. city in 2026.
• Lucid shares initially jumped 36% on the announcement but have since dropped over 8% by Monday midday as investors booked profits.
• Interim CEO Marc Winterhoff attributed the stock pullback to retail investors cashing out, while Jim Cramer questioned the deal’s strategic magnitude.
• The partnership reflects Uber’s shift from stalled driver electrification in North America—where zero-emission miles remain around 9.1%—toward operating its own autonomous fleet.