Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.

Lucid (LCID) stock skyrockets higher on news of a deal with Uber (UBER), in collaboration with self-driving start-up Nuro (NURO.PVT), as part of the push into robotaxis. Yahoo Finance Senior Reporter Pras Subramanian joins Market Domination to break down what investors need to know and what the deal signals about the autonomous driving space.

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.