Why is Lucid stock surging?

Lucid (NASDAQ: LCID) stock is up 46.72% in premarket trading on Thursday as of publication time, following Uber Technologies’ (NYSE: UBER) announcement of a $300 million investment in the electric vehicle maker as part of a six-year robotaxi partnership.Lucid stock 1-day chart. Source: Google FinanceUnder the agreement, Uber will deploy at least 20,000 Lucid vehicles equipped with Nuro’s self-driving technology over a six-year period across dozens of global markets. The first robotaxis are expected to launc ...