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LUCD News6 articles
Lucid Shares Plunge to New Low Despite $1B Infusion from Saudi PIF and Uber
Lucid shares fell to a 52-week low of $5.83 as investor concerns over dilution and weak Q1 revenue overshadowed a $1.05 billion capital raise from Uber and Saudi PIF.
Ackman's Uber Stake Gains Focus as Robotaxi Deal with Lucid Expands
Uber shares rose 2% on renewed attention to Bill Ackman's stake and a $200 million Lucid investment for robotaxis, with a commitment to 35,000 vehicles.
Lucid Shares Hit Record Low Despite Uber-Backed $1.05B Funding
Lucid shares tumbled 9.26% to $6.27, a new low, as a $1.05B funding package from Uber and Saudi PIF failed to ease dilution concerns.
Lucid Shares Slide 9.6% as Uber Stake Fails to Calm Funding Fears
Lucid Group shares dropped 9.6% after Uber disclosed an 11.52% stake, as a $1.05 billion capital raise and partnership news failed to ease investor worries about liquidity and production.
Uber's Lucid Stake Signals Major Robotaxi Ambitions
Uber Technologies has taken a significant 11.5% passive stake in Lucid Group, solidifying a major robotaxi supply agreement. The partnership includes a $500 million investment and an order for at least 35,000 autonomous vehicles.
EV Stocks Rally on UBS Lucid Bet; Stellantis Takes $26.5B Charge
Lucid surged 14% after UBS disclosed a major stake, leading a rebound in EV shares. Stellantis plunged up to 30% in Europe after booking a massive $26.5 billion charge related to its electric vehicle strategy.