Lucid (LCID) Rises on $300M Uber Robotaxi Deal

Luxury electric carmaker Lucid (LCID) jumped 6.2% to close at $22.45 after announcing a $300 million partnership with Uber to supply 20,000 Gravity SUVs for a next-generation robotaxi program. The six-year plan will see operations begin in a major U.S. city next year, positioning Lucid as a contender in the premium EV space.

Despite the rally, Lucid’s stock remains down 26.4% year-to-date and trades 37.9% below its 52-week high. Investors welcomed the partnership as a strategic milestone, though sentiment around the company’s broader business outlook remains cautious.