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EV maker Lucid says Uber agreed to buy 35K+ additional Lucid vehicles for its robotaxi fleet and invest $200M more, taking its total Lucid investment to $500M

Uber will purchase at least 35,000 additional Lucid vehicles, designed exclusively for use as part of Uber's future global robo-taxi service

Wall Street Journal Connor Hart

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  • @rigorvc @rigorvc on bluesky
    $500M total from Uber into Lucid is a strategic lifeline disguised as a fleet order.  Uber gets guaranteed robotaxi hardware without building it.  Lucid gets volume that subsidizes their consumer business.  Question is who owns the autonomy stack — that is where the real margin l…