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Driving Revolution: Uber and Waymo Join Forces

Uber failed in building its own autonomous driving technology, so now it's turning to a big partner.

By Travis Hoium and Jon Quast – Jun 11, 2023 at 7:00AM EST

Uber (UBER +0.51%) is the leader in ride sharing, but it's failed to build autonomous driving that could lower costs long-term. Now, it's turning to Waymo for technology, but will that project succeed? Travis Hoium and Jon Quast discuss the most recent developments in this video. 

*Stock prices used were end-of-day prices of May 31, 2023. The video was published on June 6, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jon Quast has positions in Amazon.com. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Tesla, and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Uber Technologies Stock Quote
Uber Technologies
NYSE: UBER
$73.34
(+0.51%)+$0.37
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$302.27
(-0.42%)-$1.28
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$207.70
(-0.87%)-$1.83
Tesla Stock Quote
Tesla
NASDAQ: TSLA
$391.54
(-0.88%)-$3.47
General Motors Stock Quote
General Motors
NYSE: GM
$72.39
(-1.44%)-$1.06
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$301.52
(-0.56%)-$1.69
Lyft Stock Quote
Lyft
NASDAQ: LYFT
$13.07
(+0.93%)+$0.12

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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