Uber is investing $300 million in Lucid to help build a fleet of 20,000 robotaxis over six years. Nuro will develop autonomous driving technology for Lucid’s fleet. The deal caused Lucid’s shares to rise by nearly 40%. Lucid’s production and delivery figures have been inconsistent, and the company is burning through cash. The partnership with Uber may bring risks due to Lucid’s uncertain roadmap and competition from companies like Waymo and Tesla. Analysts suggest caution before investing in Lucid stock.uber is partnering with Lucid to create a fleet of robotaxis with autonomous driving technology.

Read more at Nasdaq: Is Lucid Stock a Screaming Buy After Uber’s $300 Million Robotaxi Bet?