Lucid Motors‘ interim Chief Executive Officer Marc Winterhoff said that the company is in “continuous discussions” with Uber and other potential partners on robotaxi initiatives, teasing announcements at a planned investor day in the first quarter of 2026.
“We are, but I’m very limited to disclose anything,” Winterhoff said at the 53rd Annual Nasdaq Investor Conference in London when asked whether Lucid is in discussions with other market participants on robotaxi ventures.
“And I mean, there are also continuous discussions with Uber, but yeah, there are more discussions than that, either, you know, in the US, but even internationally.”
The EV maker said last month it will host an Investor Day in the first quarter of next year, as shareholder pressure mounts and its stock trades near record lows.
“And I really hope that by actually that investor day in Q1, that we’re able to talk more freely about additional things,” Winterhoff added.
More Than 20,000 Vehicles
Winterhoff has previously indicated that Lucid aims to exceed the 20,000 Gravity SUVs committed under its agreement with Uber.
“Twenty thousand is a good number. But at the same time, when you look at the details of the agreement, it’s about over six years. It’s not that big of a number,” Winterhoff said on the ‘Brew Markets’ podcast in late September.
“So our aspiration is that this will be much bigger than that,” the interim CEO added.
The deal integrates Lucid‘s Gravity architecture with Uber‘s fleet network and Nuro’s Level 4 self-driving system. The first vehicles are planned to roll out in the Bay Area next year.
“The funding supports the partnership between the two companies and contributes to development costs associated with the autonomous robotaxi initiative,” Lucid said when announcing the funding closing on September 4.
Revenue Model Under Development
Winterhoff has recently told the Financial Times that Lucid is developing plans to generate steady revenue from sales to fleet managers operating on the Uber platform, potentially including a per-mile charging model.
“Twenty thousand is a starting point,” Winterhoff told the publication. “The sky’s the limit.”
Uber Investment Down Nearly 50%
The comments come as Uber‘s $300 million investment in Lucid has declined sharply in value.
Uber disclosed in a November 13F-HR filing that it held 13,715,121 shares of Lucid valued at $326.3 million as of September 30.
Based on Lucid‘s $12.83 closing price on Thursday, that stake is now worth approximately $176 million — a decline of nearly 50% from the announced investment amount.
The stake makes Uber Lucid‘s second-largest investor behind Saudi Arabia’s Public Investment Fund, which holds about 60% of the Newark, California-based EV maker.
Uber’s Broader Autonomous Vehicle Strategy
Over recent years, Uber has formed alliances with autonomous vehicle firms including Alphabet’s Waymo and Aurora Innovation.
The partnership with Lucid followed an April agreement with Volkswagen to deploy ID.Buzz fully electric vans in Los Angeles for commercial ride-hailing service.
As part of the July announcement, Uber said it would channel several hundred million dollars into both Lucid and Nuro.
While the Lucid investment was disclosed at $300 million, the size of the stake in Nuro was not revealed.
Earlier this week, Winterhoff said the company is now producing 1,000 vehicles in some weeks, revealing for the first time the output pace as production ramp up continues.
