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.

Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet.

While Lucid is likely to give back some of Thursday's large gains, there's little stopping Lucid's stock from climbing higher as deliveries ramp for the Gravity -- especially if the automaker can curb costs and cash burn in the year ahead.