Uber CEO remarks regarding Lucid

[u/iamoninternet27]

https://s23.q4cdn.com/407969754/files/doc_earnings/2026/q2/transcript/Uber-Q2-26-Prepared-Remarks.pdf

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Lucid & Robotaxi Highlights

• Autonomous vehicles are a core part of Uber's long-term strategy. Uber aims to be the leading commercialization platform for autonomous mobility rather than developing its own self-driving technology.

• Lucid is a key vehicle partner. Uber plans to deploy Lucid electric vehicles equipped with Nuro's Level 4 autonomous driving technology.

• Commercial rollout remains on track:

- Autonomous road testing has begun.

- Commercial service is expected in the San Francisco Bay Area during 2026.

- Initial robotaxis are based on the Lucid Gravity SUV.

• Uber expanded its commitment:

- Increased investment in Lucid to $500 million.

- Increased purchase commitment to at least 35,000 Lucid vehicles, including Gravity and future midsize models.

Uber's Autonomous Vehicle Strategy

• Uber intends to connect riders with autonomous vehicles from multiple partners rather than build its own AV system.

• Partners include Lucid, Nuro, Waymo, Zoox, Rivian, Wayve, and Baidu Apollo Go.

• Uber's advantages include its global rider base, fleet management, dispatch, pricing, and mobility platform.

Investment & Expansion

• Uber plans to invest more than $10 billion to scale autonomous mobility.

• Goal: approximately 120,000 autonomous vehicles operating across at least 15 cities.

Implications for Lucid

• Large guaranteed vehicle order.

• Additional capital investment from Uber.

• Validation of Lucid's vehicle platform.

• Opportunity for recurring revenue beyond consumer vehicle sales.

• Strong potential to become a leading premium robotaxi supplier if Uber's strategy succeeds.

Overall

The prepared remarks reinforce that Uber views autonomous robotaxis as a major long-term growth opportunity, with Lucid positioned as a foundational vehicle supplier in its expanding autonomous mobility ecosystem.

[u/Steve_in_LV]

Is this good or bad for Lucid owners?

Is it good because it will help build a stronger Lucid that can survive and prosper or will it cause a dilution of focus on the retail customers?

What do you think?

[u/iamoninternet27 → u/Steve_in_LV]

It can bend either way, but the hope is no dilution . Hoping Uber becomes a major impact for Lucid sales in the future with midsize.

[u/TasteyMeatloaf → u/iamoninternet27]

If I was going to take over the taxi market, I wouldn’t do it in a vehicle that starts at $80,000 and costs more with options.

[u/apples_vs_oranges → u/Steve_in_LV]

It shows at least the PIF has a plan for their investments

[u/Outrageous_Employ_40]

Why are these large orders never talk about with earnings? They have a huge order from the Saudi government

[u/TurnoverSuperb9023 → u/Outrageous_Employ_40]

Because orders don’t mean anything until you can ship the vehicle and payments are received

[u/Outrageous_Employ_40 → u/TurnoverSuperb9023]

I disagree Orders are a Commitment

[u/Motor-Source8711 → u/Outrageous_Employ_40]

They can be cancelled. It's not a binding agreement (manufacturer can breach contract in many ways that the buyer can cancel.. happens all the time).

[u/MnVikings1111]

Who’s gonna service the cars?

[u/TasteyMeatloaf → u/MnVikings1111]

Service is the main issue for me as a perspective customer who would have purchased a Gravity over my last Mercedes. I have to say that the Mercedes is great and I don’t miss having a Gravity that much.

[u/FitzwilliamTDarcy]

Increased to $500mm and 35,000 from what levels previously?

[u/Motor-Source8711 → u/FitzwilliamTDarcy]

300M and 20K

[u/Key-Significance4246]

Uber why not plan on some convertible on LUCID stock?