Key Takeaways Lucid shares jumped 36% Thursday on news the EV startup is partnering with self-driving software maker Nuro and rideshare giant Uber Technologies to bring a new group of robotaxis to Uber's platform.

Lucid proposes a 1-for-10 reverse stock split to boost investor appeal. Lucid teams with Uber and Nuro to launch global premium robotaxi service. Live Sunday: Matt Maley’s Volatility Trading Plan for Earnings,

Lucid Group ( LCID -2.08%) stock had its largest intraday gain ever yesterday. Shares of the luxury electric vehicle (EV) maker gained as much as 45% before closing about 36% higher in Thursday trading. But investors are rethinking that move today.

With the ability to cover up to 450 miles on a single charge, the Gravity SUV is expected to function well as a robotaxi, since it will need less downtime for recharging. This way, vehicles will be available for riders more often. Tesla ’s own Model Y is being used as the brand’s robotaxi, but that has nowhere near the range of the Lucid Gravity.

Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.

Mark Fields, former Ford CEO, joins 'Power Lunch' to discuss Fields' take on Uber's deal with Lucid, how expensive the Lucid driverless taxis are and much more.

Uber will deploy 20,000 or more Lucid vehicles over the next six years, equipped with Nuro, Inc.’s Level 4 autonomy system, called Nuro Driver.