Uber Expands Stake In Lucid for Robo-Taxis. This Is How Tesla's Stock Is Responding. -- Barrons.com

Dow Jones04-21

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

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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April 20, 2026 17:33 ET (21:33 GMT)

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