Lucid secures $200M from Uber and $550M from PIF, to supply 35,000 Gravity robotaxis

Lucid received $550M from Saudi Arabia's PIF and $200M from Uber, and agreed to supply 35,000 Gravity SUVs to Uber's robotaxi platform. A May 11 SEC filing showed Dimensional Fund Advisors cut its Lucid stake for a third straight quarter, while Lucid temporarily suspended 2026 production guidance.