Goldman Sachs reduced its stake in electric vehicle maker Lucid by 19%, lowering shares from 849,097 to 690,126 and the holding's value by 27% to under $6.6 million in Q1 2026. Meanwhile, the bank increased its position in Rivian by 56%, growing shares from 5.7 million to 8.9 million, raising the value to about $134 million despite Rivian shares being down 31% year-to-date. These changes reflect Goldman Sachs' shifting confidence within the EV sector, though both Lucid and Rivian remain small parts of its $871 billion portfolio. The firm's largest holdings remain in tech giants Nvidia and Apple, and the SPDR S&P 500 ETF.
Lucid Group announced a partnership with Uber and Nuro to launch a robotaxi service in Houston by mid-2027, following a planned launch in the San Francisco Bay Area. The service will use Lucid's electric SUVs equipped with Nuro's Level 4 autonomous t...
Uber plans to introduce a premium robotaxi service in Houston by mid-2027, following its upcoming launch in San Francisco. This service is part of Uber's partnership with EV maker Lucid and autonomous vehicle startup Nuro, aiming to expand robotaxi o...
Lucid delivered 5,345 vehicles in Q4 2025, a 72% increase year-over-year, yet its stock trades at just $5.20, down over 50% this year. The company faces challenges including securities lawsuits, a missed Q1 revenue target, and accelerating cash burn ...
