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Uber Unveils Plans for 20,000 Robotaxis, Stocks Surge

7/17/2025

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Summary

Story summary

Uber partners with Lucid Motors and Nuro to deploy 20,000 robotaxis in the U.S. over six years.
The company will invest $300 million in Lucid; Nuro's investment details are not disclosed.
Launch of the first robotaxis is anticipated next year in a major U.S. city, utilizing Nuro's Level 4 autonomy.
Lucid's stock rose 37% post-announcement, while Uber's shares remained steady.
The robotaxis will operate solely on Uber's platform.

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Story summary

Uber partners with Lucid Motors and Nuro to deploy 20,000 robotaxis in the U.S. over six years.
The company will invest $300 million in Lucid; Nuro's investment details are not disclosed.
Launch of the first robotaxis is anticipated next year in a major U.S. city, utilizing Nuro's Level 4 autonomy.
Lucid's stock rose 37% post-announcement, while Uber's shares remained steady.
The robotaxis will operate solely on Uber's platform.