Lucid Group Rises on Uber's $500 Million Investment and Robotaxi Commitment
Lucid Group's stock rose 5.33% following Uber's $500 million investment and commitment to purchase 35,000 robotaxis. The investment comes as Lucid faces challenges with its stock down 93% since its 2020 IPO. The S&P 500 and Nasdaq Composite both declined slightly, while Tesla and Rivian saw mixed performance.
Tickers: $LCID $RIVN $TSLA $UBER
Topics: EV industry Investment Lucid Group Stock price movement Uber