A 1-for-10 reverse stock split simply means Lucid will reduce its outstanding shares by a factor of 10, essentially combining 10 old shares into one new share. The stock price will then be multiplied ...

Tesla faced declining Cybertruck demand and sluggish U.S. sales, while Uber made bold moves into autonomous driving.

Uber invests in Lucid and Nuro to counter Tesla and Waymo's robotaxi dominance. Check out UBER's strategic shift, $7B ...

Key Points Uber will take 20,000 Lucid vehicles with driverless technology for a robotaxi service.Uber's service will start late next year; a Lucid-Nuro prototype is already in testing.Lucid's reverse ...

The stock's massive declines prompted the recently announced proposal. Then, a huge announcement sent shares soaring.

Per the terms of the deal, Uber will invest $300 million into Lucid to help the company build a reported 20,000 (or more) vehicles over the next six years. These vehicles will come equipped with ...

The US EV market is shrinking despite all the advances in EV and battery tech, while China and Europe are going all-in on ...

Lucid Revs Its Engine Lucid Group (NASDAQ:LCID) saw its stock soar 36% to $3.12 per share following a $300 million ...

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

“Autonomous vehicles have enormous potential to transform our cities for the better,” says Dara Khosrowshahi, CEO of Uber.

Zizka describes Brightpick's innovative Giraffe Autopicker, and Charlie Kemp explains Hello Robot's mobile manipulator.

As part of a deepening relationship with each partner, Uber plans to make multi-hundred-million dollar investments in both ...