Per the terms of the deal, Uber will invest $300 million into Lucid to help the company build a reported 20,000 (or more) vehicles over the next six years. These vehicles will come equipped with autonomous driving software developed by Nuro, another Uber partner.

Lucid Group, Inc. joins forces with Uber for 20,000 Gravity SUVs, aiming for robotaxi growth. Click for my updated look at LCID stock and why I'm upgrading it.

Shares of Lucid Group are trading flat Wednesday. Investors are taking a breather following a remarkable 44% surge over the past month.