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.

Ride-hailing giant Uber announced Thursday it will acquire $300 million worth of shares in US electric vehicle maker Lucid Motors as part of an ambitious plan to build its own fleet of robotaxis.