Lucid’s stock zooms to best day in months after Uber becomes the EV maker’s latest backer and the companies hatch a plan to launch robotaxis.

Lucid Group's stock soared 36% on 17 July, closing at £2.32 ($3.12), following a landmark partnership with Uber and Nuro to deploy 20,000 autonomous robotaxis. This move positions Lucid to challenge Tesla and Waymo in the intensifying robotaxi market.

Key Takeaways Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.