EV maker Lucid is partnering with Uber and self-driving car startup Nuro to deploy thousands of autonomous robotaxis over the next six years.

Uber is investing hundreds of millions of dollars into Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own robotaxi service.

Lucid Group ( LCID 35.81%) stock is soaring today after the company announced a major new deal in the robotaxi space. The company's share price was up 40.2% as of 1:30 p.m. ET amid the backdrop of a 0.4% gain for the S&P 500 and a 0.7% jump for the Nasdaq Composite.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Uber and Lucid today announced a deal to put 20,000 self-driving Gravity SUVs on the road over the next six years, starting in 2026.

Trump administration pulls $4B in federal funding for California's bullet train project What the S&P 500, Bond, and Gold Charts Tell Us About Where the Stock Market Goes Next

Lucid, which has always offered an array of driver-assistance features, is now expanding the suite of driver aids on its models with two new hands-free features. Perhaps it’s surprising that a luxury automaker is offering the tech after mass-market brands like Ford, but better late than never, right?