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Barchart
Barchart
Nauman Khan

Uber Has an 11.52% Stake in Lucid. Does That Make LCID Stock a Buy?

Lucid Uber LCID NURO

Electric vehicle (EV) stocks have had a rough time keeping investors excited in 2026. Demand is still uneven, buyers remain picky, and the market has little patience for companies that are burning cash while trying to prove they can scale.

Lucid Group (LCID) sits right in the middle of that debate. The company has spent the last few months working through production issues, a heavy funding need, and a broader reset around its technology and long-term growth story. Now Uber (UBER) has stepped in with a disclosed 11.52% passive stake in Lucid, instantly changing the conversation. 

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