TLDR
- Lucid Group stock jumped 11% Tuesday after announcing $750 million in new investment from Ayar Third Investment Company ($550M) and Uber ($200M).
- Uber’s total investment in Lucid now stands at $500 million.
- The Uber robotaxi partnership was expanded to at least 35,000 Lucid vehicles, up from earlier commitments.
- Lucid named Silvio Napoli, former Schindler Group CEO, as its incoming CEO.
- Autonomous on-road testing began in December 2025, with a planned commercial launch in the San Francisco Bay Area later this year.
Lucid Group had a busy Tuesday. The EV maker announced $750 million in fresh investment and a bigger robotaxi deal with Uber, sending the stock up around 11% on the day.
Lucid $LCID said it will receive $1.05B in new funding and expand its $UBER robotaxi deal to at least 35,000 vehicles. Uber is adding $200M, bringing its total investment to $500M, while PIF affiliate Ayar is buying $550M of preferred stock. pic.twitter.com/H4nTYur9sj
— Wall St Engine (@wallstengine) April 14, 2026
Ayar Third Investment Company, an affiliate of Saudi Arabia’s Public Investment Fund, is putting in $550 million through convertible preferred stock. Uber is adding $200 million more, bringing its total commitment in Lucid to $500 million.
The investment news came alongside a meaningful expansion of the companies’ robotaxi agreement. The deal now covers at least 35,000 Lucid vehicles â up from previous targets â built exclusively for Uber’s future global robotaxi network.
Both the Lucid Gravity SUV and a new Midsize platform will be part of the fleet. The Midsize model is planned to start under $50,000, targeting fleet operators who need range, space, and fast charging at a lower price point.
Robotaxi Timeline Taking Shape
The partnership isn’t just a paper deal. Autonomous on-road testing kicked off in December 2025, and Lucid finished delivering all test vehicles in February 2026. The companies are targeting a commercial launch in the San Francisco Bay Area later this year using the Lucid Gravity.
This builds on an agreement first announced in July 2025 between Lucid, Uber, and autonomous vehicle company Nuro.
Interim CEO Marc Winterhoff said the Midsize platform “will enable autonomous mobility at scale through cost efficiency, manufacturing simplicity, and a technology-forward user experience.”
New CEO Incoming
Lucid also dropped a leadership update. Silvio Napoli, who previously served as Chairman and CEO of elevator giant Schindler Group, is joining as CEO and board member. Winterhoff will shift to Chief Operating Officer once Napoli takes over.
It’s a notable hire â Napoli brings global manufacturing and operations experience that a company scaling up fleet production will need.
Analyst sentiment on LCID remains mixed. Two analysts rate it a Buy, five a Hold, and three a Sell. MarketBeat’s consensus sits at “Reduce,” with an average price target of $12.86. Citigroup is the most bullish with a $17 target, while RBC recently cut its target from $10 to $8.
The stock trades below both its 50-day moving average of $9.96 and its 200-day moving average of $13.25. The company carries a debt-to-equity ratio of 3.0 and a negative P/E of -0.76.
Monday’s session saw roughly 10.76 million shares change hands â about 50% above average daily volume â before Tuesday’s announcement pushed the stock higher again.
Institutional investors hold about 75% of LCID.
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