Winitzer Ori sold $4K of LCID

Uber delayed the commercial launch of its robotaxi service with Nuro and Lucid in the San Francisco Bay Area to Q1 2027, from an earlier plan for later this year. The company did not provide a reason for the delay. Uber expects to begin fully driverless testing this quarter and plans to expand to Houston and other cities. Lucid and Nuro have existing permits but not yet for fully driverless operations. Uber reported Q3 revenue of $14.8 billion, up 10%.

Uber increased its stake in Lucid to 11.5% ($500M total) via a $200M investment, expanding a robotaxi partnership. Lucid will supply Uber with 35,000 vehicles, including the unreleased Midsize model. Lucid shares rose 9.2% intraday but closed down 4.8%.

Nuro Co-CEO Jiajun Zhu reiterated the company's stance on key autonomous vehicle debates, including the use of LiDAR, as its robotaxi program with Lucid and Uber approaches launch. Zhu argued for LiDAR's superiority in safety and performance, and emphasized the differences between Level 2 and Level 4 systems. Nuro's views are being tested in a commercial partnership with Uber and Lucid, with plans to deploy 20,000 robotaxis.

Lucid is recalling 2,888 Air sedans in Saudi Arabia due to a fire risk from an exterior lighting circuit fault, according to the Ministry of Commerce. The recall covers 2023-2026 models and will be fixed via a free software update. This is Lucid's largest recall in Saudi Arabia, its second-largest market. The company has had four recalls in the country since 2023, with two requiring physical repairs.

Tesla shares rose 5-6% on October 26, 2026, after Barclays upgraded its stock to Overweight and raised its price target to $450, citing potential merger with SpaceX. Lucid Group and Rivian Automotive fell 4% and 2% respectively, with no specific news reported. Barclays analyst Dan Levy attributed the upgrade to expected merger premium, not Tesla's core business. The merger is not confirmed, and committees are discussing the potential combination.

Tesla (TSLA) rose 6% to $394.72 after Barclays upgraded it to 'Overweight' with a $450 price target, citing potential merger with SpaceX and growth in automotive business. Lucid (LCID) fell 4% to $3.38, and Rivian (RIVN) dropped 2% to $11.64. The Global X Autonomous & Electric Vehicles ETF (DRIV) gained 0.5% to $29.50.