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Uber partners with Nuro, invests $300M into Lucid to launch upscale robotaxi service

1. Uber invests $300 million into Lucid for electric Gravity SUVs. 2. Uber plans to buy 20,000 Gravity SUVs over six years. 3. Lucid's vehicles will be equipped for Uber's autonomous robotaxi service. 4. Partnership reflects Uber's commitment to dominate the autonomous vehicle market. 5. Lucid and Nuro are collaborating on prototype driverless vehicle testing.

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FAQ

Why Bullish?

Uber's significant investment boosts Lucid's credibility and growth potential, similar to Tesla's partnerships in its early years.

How important is it?

The partnership with Uber signals strong long-term growth potential for Lucid, similar to how successful collaborations have influenced EV market leaders.

Why Long Term?

The plan spans several years, indicating sustained demand and strategic positioning for Lucid in the EV market.

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