A 1-for-10 reverse stock split simply means Lucid will reduce its outstanding shares by a factor of 10, essentially combining 10 old shares into one new share. The stock price will then be multiplied ...

Tesla faced declining Cybertruck demand and sluggish U.S. sales, while Uber made bold moves into autonomous driving.

Essentially, Lucid will consolidate its shares, and investors will receive one new share for every 10 of the old shares, and ...

Uber will be investing $300 million into Lucid to help the company build a fleet of 20,000 (or more) robotaxis over the next six years. Nuro, another Uber partner, will be developing the autonomous ...

The EV maker has seven quarters in a row with increasing deliveries. Lucid has liquidity to last until the second half of ...