Lucid Group ( LCID -2.08%) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.

Lucid proposes a 1-for-10 reverse stock split to boost investor appeal. Lucid teams with Uber and Nuro to launch global premium robotaxi service. Live Sunday: Matt Maley’s Volatility Trading Plan for Earnings,

Mark Fields, former Ford CEO, joins 'Power Lunch' to discuss Fields' take on Uber's deal with Lucid, how expensive the Lucid driverless taxis are and much more.

Lucid Group ( LCID 35.81%) stock is soaring today after the company announced a major new deal in the robotaxi space. The company's share price was up 40.2% as of 1:30 p.m. ET amid the backdrop of a 0.4% gain for the S&P 500 and a 0.7% jump for the Nasdaq Composite.

Uber Technologies Inc. on Thursday unveiled a three-way partnership with an Arizona component to develop a “next generation” robotaxi program.

Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

More than four years after selling its self-driving vehicle division, Uber is pouring hundreds of millions into Lucid to launch its own robotaxis.

With the ability to cover up to 450 miles on a single charge, the Gravity SUV is expected to function well as a robotaxi, since it will need less downtime for recharging. This way, vehicles will be available for riders more often. Tesla ’s own Model Y is being used as the brand’s robotaxi, but that has nowhere near the range of the Lucid Gravity.

Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.

Under the new deal, Uber said it will be making "multi-hundred-million-dollar investments" in both Lucid and Nuro. Uber already has partnerships with 18 autonomous vehicle compani

Uber and Lucid today announced a deal to put 20,000 self-driving Gravity SUVs on the road over the next six years, starting in 2026.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.