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Lucid Group is securing fresh funding from Uber Technologies (UBER) and an affiliate of Saudi Arabia’s Public Investment Fund.
Lucid secured new funding from Uber and Saudi-backed Ayar totaling $1.05 billion.
KEY POINTS
- Lucid expanded its robotaxi deal with Uber to at least 35,000 vehicles.
- The Lucid-Nuro-Uber robotaxi program will commercially launch this year in the San Francisco Bay Area.
- Lucid guided for 2026 production of up to 27,000 vehicles, emphasizing continued expansion.
- Analysts forecast Lucid's net loss per share to improve by 24.9% in 2026 and 35.9% in 2027.
COMPANIES
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