Uber is investing $300 million in Lucid and taking a stake in Nuro to launch 20,000 robotaxis, signaling its return to autonomous driving.

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

With the ability to cover up to 450 miles on a single charge, the Gravity SUV is expected to function well as a robotaxi, since it will need less downtime for recharging. This way, vehicles will be available for riders more often. Tesla ’s own Model Y is being used as the brand’s robotaxi, but that has nowhere near the range of the Lucid Gravity.