Uber's $300M Lucid Deal Boosts Stock and Rivals Tesla in Robotaxi Race
TL;DR Summary
Uber has invested heavily in a partnership with Lucid Motors to deploy over 20,000 Lucid robotaxis on Uber's platform over six years, marking a significant strategic move for Lucid to gain market legitimacy and scale, though questions remain about the economic viability given the high vehicle costs and ride prices.
- Lucid Scores Big With Uber Deal--But For Uber, It's Just Another Ride Benzinga
- Uber, Lucid partner on new robotaxi service, taking on Waymo and Tesla Yahoo Finance
- Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company CNBC
- Lucid stock pops 43% after Uber announces robotaxi. What to know about the Tesla rival USA Today
- Lucid Stock (LCID): Morgan Stanley Sees ‘Strategic Opportunities’ in Uber Deal Ahead of Q2 Results TipRanks
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