Uber’s $300M Investment and Robotaxi Deal Send Lucid Stock Soaring
Lucid Motors has grabbed attention with its stock soaring after a major deal. Uber is investing $300 million in Lucid and a similar amount in Nuro to launch more than 20,000 robotaxis over the next six years. This news pushed Lucid stock up by nearly 30%, exciting investors and the stock market. Investment was being made keeping in mind Uber’s Q2 earnings.
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