Overview

• Uber will invest $300 million in Lucid and purchase 20,000 Gravity SUVs for an exclusive premium robotaxi fleet
• Lucid Gravity SUVs will integrate Nuro Driver’s Level 4 self-driving system powered by Nvidia AI
• Service is slated to launch next year in a major U.S. city before expanding to more than a dozen global markets
• The first Nuro-equipped Lucid prototype is already operating autonomously in closed-course trials at Nuro’s Las Vegas facility
• Lucid shares have stabilized about 23% above pre-deal levels after an initial 36% surge and an 8% sell-off, and analysts like Jim Cramer remain skeptical of the deal’s scope