Lucid's share price is on the move. Here's what its partnership with Uber and Nuro means for the future of transportation.

Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Uber Technologies Inc. on Thursday unveiled a three-way partnership with an Arizona component to develop a “next generation” robotaxi program.