Nuro has received a permit from California regulators to begin driverless testing of Lucid Gravity SUVs equipped with its autonomous technology on public roads. These vehicles are intended for Uber's upcoming premium robotaxi service. Although Nuro is not yet ready to start testing without a human safety driver, the permit marks a key regulatory step forward. Uber has increased its investment in Lucid to $500 million, planning to buy at least 35,000 robotaxi vehicles equipped with Nuro's tech, aiming for commercial robotaxi operations by late 2026, pending regulatory approvals.
Class action lawsuits have been filed against Calix, AeroVironment, Zoetis, and Lucid Group alleging they made false or misleading statements about their business conditions and prospects during specific periods in 2025 and 2026. The lawsuits claim t...
The stock market saw significant gains driven by corporate announcements and high trading volumes, particularly in battery technology, electric vehicles, and green energy sectors. Electrovaya surged 49.05% after announcing a commercial deal with Amaz...
RBC Capital lowered Lucid Group's price target from $8 to $7, citing high fuel prices that may shift U.S. consumers toward smaller, fuel-efficient vehicles instead of EVs. Despite macroeconomic uncertainties, U.S. vehicle demand stayed strong in earl...
Payments company Stripe and private equity firm Advent International jointly offered to acquire PayPal for $60.50 per share, valuing the company at over $53 billion, a 28% premium to its recent closing price. The offer, backed by about $50 billion in...
