Lucid stock is rocketing higher today following news that the company has partnered with Uber for its robotaxi program. Lucid Group (NASDAQ: LCID) stock is soaring today after the company announced a major new deal in the robotaxi space.

As of 10 a.m. ET, shares of Lucid are up 30.1%. Over the next six years, Uber plans on developing a fleet of 20,000 (or more) Lucid vehicles that will operate as robotaxis, which Uber will own and operate or its third-party fleet partners. Riders will have exclusive access to the robotaxi service through the Uber platform.

Lucid's new OTA update adds hands-free driving to Air and Gravity models with DreamDrive Pro, enabling Level 2 hands-free lane changes. The update, available July 30 for Air and 2025 for Gravity, requires drivers to initiate lane changes using the turn signal.

Lucid Group (LCID) stock has faced headwinds, plunging 24% YTD due to EV market slowdown, rising competition, and other challenges.