Lucid Group (NASDAQ: LCID) saw its stock surge up to 45% yesterday, marking its largest intraday gain ever. However, today, investors are rethinking the move as the stock sank 8% this morning before recovering. The company announced a new partnership with Uber Technologies and self-driving technology company Nuro to deploy at least 20,000 Lucid EVs for Uber’s premium robotaxi program. This includes a $300 million investment by Uber to deepen the relationship for autonomous luxury EVs. Lucid also plans to implement a 1-for-10 reverse stock split and aims to boost delivery guidance for 2025.

Read more at Yahoo Finance: Why Lucid Stock Dropped, Then Recovered Friday