Uber's $500 million bet and massive robotaxi order reshape the stakes for this embattled luxury EV maker, today, April 21, 2026.
Investors might be looking for something else before buying in.
Shares of Lucid Group rose sharply on Tuesday, outperforming broader markets after new disclosures highlighted a deeper relationship with Uber Technologies, though underlying concerns around demand and valuation persist. The electric vehicle maker's stock climbed about 6.15% to around $7.16 in afternoon trading, even as the S&P 500 and Dow Jones Industrial Average slipped 0.5% and 0.4%, respectively.
Lucid raised a combined $1.05 billion in capital last week. The company's cash burn remains a significant concern for investors.
4:25pm: Peace talks on hold US stocks finished Tuesday’s session lower following reports that peace talks between the US and Iran have been put on hold....
Shares of Lucid Group Inc (NASDAQ:LCID) rose 10.3% on Tuesday morning, with the electric vehicle maker drawing attention after a series of capital deals and renewed takeover speculation following recent fundraising activity. The move came after Lucid disclosed that Uber Technologies will invest an additional $200 million in the company, bringing Uber's total investment to $500 million.
In the closing of the recent trading day, Lucid Group (LCID) stood at $6.75, denoting a -7.53% move from the preceding trading day.
Lucid Group (NASDAQ:LCID | LCID Price Prediction) stock is down 5% in Monday trading, sliding from $7.30 to $6.93 and touching fresh record lows.
The so-called Robotaxis have become a highly important narrative for numerous car companies in 2026, with, for example, hopes for ‘FSD' – autonomous driving – and the ‘Cybercab' accounting for as much as 80% of Tesla's (NASDAQ: TSLA) valuation between themselves, according to some Wall Street experts.
Lucid Group (NASDAQ:LCID | LCID Price Prediction) stock is down 5% in midday trading Friday, sliding from $7.70 to $7.28 even as the broader market climbs.
Lucid Group (NASDAQ:LCID | LCID Price Prediction) stock is down 6% in Thursday trading, falling from $8.21 to $7.69 as investors weigh a brutal Q1 revenue pre-announcement against a freshly announced robotaxi deal and capital raise.
Lucid projects significant growth potential in the robotaxi market, striking an initial deal with Uber to supply it with 35k vehicles. Uber is also investing $500 million into Lucid. The company believes the long-term market opportunity for robotaxis exceeds $300 billion annually. The company has also identified deep BOM cost savings for its 2027 midsize vehicle, 60-70% lower than the Lucid Gravity today.