Lucid Shares Surge After Uber Reveals 11.52% Stake
Lucid Group shares climbed about 12% on Tuesday after Uber disclosed it holds an 11.52% stake in the electric vehicle manufacturer following a $200 million investment announced last week. A regulatory filing shows Uber now owns roughly 37.8 million Lucid shares, making it the automaker's second-largest shareholder behind the Public Investment Fund …