Lucid Stock Skyrockets 36% on Uber-Nuro Robotaxi Deal!
- Arethon
- 6 hours ago
- 2 min read
Lucid stock exploded on Thursday, soaring over 36% after news broke that Lucid Motors had partnered with Uber and self-driving tech company Nuro. This exciting collaboration marks a major step forward for Lucid, as the company positions itself in the booming robotaxi space.
As part of the deal, Uber is investing $300 million to deploy a fleet of Lucid cars powered by Nuro’s autonomous driving system. The initial plan includes at least 20,000 electric vehicles, many of which will be built using Lucid’s highly anticipated Gravity SUV platform.
This partnership caused a major spike in LCID stock trading volume. In fact, LCID saw one of its busiest trading days ever since it first went public. The stock jumped from $2.29 to close at $3.12, with intraday highs hitting above $3.60. It was one of the top-performing stocks of the day.
In addition to the Uber deal, Lucid also announced a 1-for-10 reverse stock split. This move will reduce the number of shares in circulation and raise the Lucid stock price, making it more appealing to institutional investors and helping the company stay compliant with Nasdaq listing rules.
While Uber stock also benefited slightly from the news, the biggest spotlight remains on Lucid. The company has struggled in recent months with low vehicle deliveries and growing competition in the EV space. However, this partnership brings a renewed sense of optimism to both investors and fans of the brand.
The robotaxi industry is heating up, with players like Waymo, Cruise, and Tesla pushing for driverless ride-hailing services. With this bold new move, Lucid Motors has thrown its hat into the ring—and its stock is reflecting that confidence.
With a future full of autonomous electric vehicles, this collaboration between Lucid, Nuro, and Uber may just signal a turning point. Many now view Lucid stock as more than just a luxury EV play—it could be a major name in mobility.
Disclaimer: This content is meant for informational use only and should not be interpreted as financial advice or a recommendation to trade any securities. Please do your own research or speak with a qualified expert before making any investment choices.
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