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,

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.

Key Takeaways Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.

Lucid received an unexpected lifeline from Uber, which intends to use "20,000 or more" Gravity SUVs as robotaxis in a three-way deal with Nuro. The latter will provide the autonomous driving software and the hardware suite required for driverless operation.

Uber stock is lower for a seventh straight day despite announcing a plan to launch a new robotaxi service with Lucid, Nuro.