EV maker Lucid surges as Uber invests $300 mln in co

Shares of electric-vehicle maker Lucid LCID.O jump 43.7% to $3.29 premarket

Uber UBER.N will invest $300 million in Lucid in a robotaxi deal that aims to start with one major U.S. city late next year

Over six years starting in 2026, Uber will acquire and deploy over 20,000 Lucid Gravity SUVs that will be equipped with autonomous vehicle (AV) technology from startup Nuro

Lucid also filed a preliminary proxy statement with SEC for one-for-ten reverse stock split

Up to last close, stock had fallen 24.2% YTD