Clear shares on a bound over the millions over Robotaxi -Deal

00:00 Pras Subramanian

Uber works with the EV manufacturer Lucid and the autonomous software company Neuro with a large bet on Robo Taxis. With more details, Senior Auto Reporter Pras Subramanian, Pras, this is such an interesting story. This is perhaps one of my five favorite days, because yes, Uber has worked with many other companies, but it feels like a larger deal or a greater development, perhaps clear because it feels a little unexpected.

00:48 Pras Subramanian

Yes, there are two sides here, right? So obviously, of course, it's huge for her. I mean, look at the inventory by 40%. This has increased since its opening. You know that over the next six years, 20,000 SUVs will buy lucle gravity to use this Robo -Taxi service. Uh, you will use a company called Neuro that supplies level four autonomy with electricity, so that the software from Neuro, cars from Lucid, and 300 million US dollars will invest in Lucid. This is a big, beautiful cash cup for clear and similar amount in Neuro for this UH to make this Robo -Taxi service. It will start in a US city at some point next year. I mean, look, great for clear ones, but it's also a big bet for Uber, isn't it? They were actually a one -time time ago to test autonomous robo taxis, and they actually had to return from this business a few years ago because they reset the fatal pedestrian case a few years ago, but now they are using strategic partners again. Interestingly, Julia, um and over have a connection. They are both of the largest stocks of the PIF investment fund of Saudi Arabia.

02:31 Julia

Oh, that's interesting. You have to ask yourself whether you have played a matchmaker role in this case. Um only a short follow here in clear different than the other Robo -Taxi things that we have heard of. I mean, Lucid is a higher vehicle compared to many others, right?

03:00 Pras Subramanian

Yes, it seems interesting for me, because this will be the gravity SUV, which is actually a high-end luxury car. It starts at 80,000 US dollars. Obviously, you may make a stripped down version for the service, but I think it will perhaps be aimed at more, maybe you will start in higher cities. It seems as if this is the case and at least you know, you bet on Lucid's technology, which is quite high in terms of your technology, from the drive train to battery ficiency. Very, very, comparable to Tesla from this point of view. I think it's a kind of bet perhaps the upper part of this robo taxi business. We will see.