Overview
- Uber disclosed a Schedule 13G showing it owns 37,753,583 Lucid Class A shares, equal to 11.52% on the pre-raise share count, and filed as a passive investor with sole voting and dispositive power.
- After Lucid’s April 14 issuances lifted shares outstanding to about 363.4 million, Uber’s effective ownership is roughly 10.39%, which still ranks second only to Saudi Arabia’s Public Investment Fund.
- Lucid shares bounced in early trading after closing at an all-time low of $6.75, lifting the market value from roughly $2.5 billion the prior session.
- The filing follows Lucid’s April 14 package that raised $1.05 billion, expanded Uber’s robotaxi vehicle commitment to at least 35,000 vehicles over six years, and named Silvio Napoli as CEO.
- PIF remains the controlling shareholder at roughly 58%–60% with about $9.5 billion committed to date, and investors now look to Lucid’s May 5 earnings for updates on liquidity, dilution, and the robotaxi rollout with Nuro.