Uber Technologies Inc. is teaming up with electric vehicle maker Lucid Group Inc. and self-driving tech startup Nuro to launch a robotaxi fleet.

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

Competition has arrived for Tesla! Lucid, Nuro, and Uber have announced the launch of a next-generation global premium robotaxi program, which will operate exclusively through the Uber transportation platform.