Lucid Group's stock soared 36% on 17 July, closing at £2.32 ($3.12), following a landmark partnership with Uber and Nuro to deploy 20,000 autonomous robotaxis. This move positions Lucid to challenge Tesla and Waymo in the intensifying robotaxi market.

Ross Gerber is pushing back against a partnership between rideshare service Uber Technologies Inc. and automaker Lucid Group Inc.

The autonomous vehicle sector got a jolt on Thursday when Lucid Group (NASDAQ:LCID) announced a three-way partnership with Uber Technologies (NYSE:UBER) and privately held Nuro to deploy at least 20,000 Lucid Gravity SUVs equipped with Nuro's L4 autonomous technology on the Uber (NYSE:UBER) network over the next six years.

Tesla ( TSLA) and its high-profile CEO Elon Musk can be polarizing. However, the automaker has achieved things that seemed impossible. It not only broke into the highly mature auto industry, it also helped to create the electric vehicle (EV) market. Could buying EV upstart Lucid ( LCID) set investors up for a similar success story?

Uber already works with players like Waymo, Volkswagen, and Baidu in different markets. The Lucid partnership is set apart by Uber's significant financial investment, a sign that it sees meaningful strategic value.

Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That

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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?