Beleaguered electric vehicle company Lucid Motors (LCID) has implemented a reverse stock split, consolidating shares to meet NASDAQ’s $1 minimum trading price and prevent delisting. As of Friday, Lucid’s share price was down over 96% from its all-time high of $64.86, reached in February 2021. While this move may protect the company from being removed […]
Uber Is Going All-in on Robotaxis
By the end of this decade, your next Uber ride might not have a driver at all. At least, that’s what Uber wants you (and its investors on Wall Street to believe.) Uber announced a new partnership today with luxury electric vehicle maker Lucid and the robotics company Nuro. Under the agreement, Uber plans to […]