By Kit Norton
Uber Technologies has raised its stake in Lucid to 11.5% as part of its expanded agreement with the electric vehicle maker for 35,000 robo-taxis, up from 20,000.
Uber disclosed in a regulatory filing it currently has a 11.5% stake, representing 37.75 million shares of Lucid. That's up from about 4% at the end of 2025, according to Uber's regulatory filing.
The ride-hailing giant's current stake is part of Uber's increased investment in Lucid to $500 million, up from $300 million, with the potential for an additional $200 million. This is to boost the number of Lucid robo-taxis to be used in Uber's network.
Lucid stock edged up 1.2% after the closing bell on Monday, after sinking 7.5% to $6.75 in regular trade. Meanwhile, Uber stock fell after the closing bell, retreating slightly after a 0.5% advance on Monday.
Separately, Tesla stock edged a fraction lower in after-hours trade on Monday. Tesla shares fell 2% to $392.50 in regular trading.
Uber, Lucid, and Nuro announced a self-driving partnership in July 2025. Under the agreement, Lucid will provide the cars, Uber the ride-hailing network, and Nuro the self-driving technology.
Tesla over the weekend expanded its robo-taxi ride-hailing platform to Houston and Dallas.
Write to Kit Norton at kit.norton@barrons.com
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(END) Dow Jones Newswires
April 20, 2026 17:33 ET (21:33 GMT)
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