Lucid Scores Big With Uber Deal--But For Uber, It's Just Another Ride

Uber Technologies, Inc. (NYSE:UBER) just made a multi-billion dollar bet on Lucid Motors Group, Inc. (NASDAQ:LCID) and Wall Street is buzzing about the deal. 

The companies aim to deploy over 20,000 Lucid robotaxis onto Uber's ride-hailing platform over the next six years and is set to kick off next year in a major U.S. city. 

“A Much Bigger Deal for Lucid”

Mark Fields, the former CEO of Ford Motor Co. (NYSE:F), weighed in on the high-profile arrangement and the deal's implications for all involved parties in an interview with CNBC on Thursday. 

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Lucid, which only sold about 10,000 EVs last year, stands to gain legitimacy, scale and market exposure by collaborating with ...