US Stock Movement | Lucid surges over 37% as it partners with Uber to launch a fleet of self-driving taxis

On Thursday, Lucid soared over 37%, reaching a nearly 5-month high of $3.17. In terms of news, Uber is partnering with electric vehicle manufacturer Lucid and autonomous driving technology startup Nuro to launch a fleet of robot taxis. Uber announced on Thursday that it will purchase Lucid Gravity SUVs equipped with Nuro's autonomous driving system and put them into operation, planning to launch them in a major U.S. city in the second half of 2026, with a goal of deploying at least 20,000 autonomous taxis over the next six years. Uber also disclosed that it will invest hundreds of millions of dollars in the two partners, with $300 million allocated to support Lucid in upgrading its production line to integrate Nuro's hardware. Additionally, Lucid has submitted a preliminary proxy statement to the U.S. Securities and Exchange Commission (SEC) for a 1-for-10 reverse stock split