Lucid Group, Inc. joins forces with Uber for 20,000 Gravity SUVs, aiming for robotaxi growth. Click for my updated look at LCID stock and why I'm upgrading it.

As part of their announced deal, Uber will invest hundreds of millions of dollars in Lucid and Nuro, which supply self-driving technology to carmakers, the joint statement said. Of that, $300m will go to Lucid, the EV maker said in a separate filing to the US Securities and Exchange Commission on Thursday.