Uber is investing hundreds of millions of dollars into Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own robotaxi service.

Lucid Revs Its Engine Lucid Group (NASDAQ:LCID) saw its stock soar 36% to $3.12 per share following a $300 million partnership with Uber Technologies (NYSE:UBER) and autonomous driving startup Nuro to deploy 20,

Uber's robotaxi deal with Lucid and Nuro isn't worrying gig worker drivers. Here's why they don't think driverless cars will replace humans.

Lucid Group partners with Uber and Nuro to deploy Gravity EVs as robotaxis, boosting delivery scale and entering the autonomous market. Click for my LCID update.

Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.

Lucid Group ( LCID -2.08%) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.

Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.