Lucid Group, Inc. joins forces with Uber for 20,000 Gravity SUVs, aiming for robotaxi growth. Click for my updated look at LCID stock and why I'm upgrading it.

Lucid shares soared Thursday after announcing a robotaxi partnership with rideshare giant Uber and self-driving software maker Nuro.

While Lucid is likely to give back some of Thursday's large gains, there's little stopping Lucid's stock from climbing higher as deliveries ramp for the Gravity -- especially if the automaker can curb costs and cash burn in the year ahead.