Uber’s Lucid Motors Deal Called a “Dalliance” by Jim Cramer

Uber’s recent investment in Lucid Motors is drawing skepticism from CNBC’s Jim Cramer, who called the move a mere “dalliance” rather than a strategic long-term play. The comment follows Uber Technologies Inc.’s announcement of its partnership with the luxury EV maker amid broader moves into autonomous vehicle services.

Lucid praised, but not as a priority

Cramer, speaking on CNBC, expressed admiration for Lucid’s vehicles but questioned the rationale behind Uber’s investment. “When I drove a Lucid, it’s absolutely a terrific car. And that’s the extent of what you should do with it. Drive it,” he said.

Despite the dismissive remark, Uber’s stock has climbed 43% year-to-date, benefiting from optimism around its autonomous driving ambitions, according to Yahoo Finance. The company is expanding in the robotaxi market and has been making partnerships and investments to bolster its competitive position.

Uber fundamentals still strong, says Cramer

While critical of the Lucid move, Cramer reiterated his confidence in Uber’s core business. “I think that Uber, we’re going to look at the fundamentals, and the fundamentals are excellent,” he said. “I don’t think it’s going to be contained by $100. I have great ambitions for Uber in my head and think it’ll be up for multiple years, and you should own the stock.”

The remarks come as Uber continues to balance traditional ride-hailing growth with emerging bets in electric and autonomous mobility. Whether Lucid becomes a meaningful part of that future remains uncertain.

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