You'll Be Shocked at How Cheap This Robotaxi Will Be

By Travis Hoium – Jul 30, 2023 at 7:30AM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(0.48%) $0.22

Current Price

$45.84

Price as of April 26, 2024, 4:00 p.m. ET

This autonomous robotaxi will soon be cheaper than Uber.

Uber (UBER -0.38%) is the ride-sharing leader, but it's getting competition from a growing autonomous fleet run by Cruise. The company even said costs will soon fall below $1 per mile, which will undercut Uber and may make it financially feasible for some not to own a car. In this video, Travis Hoium digs into the latest news.

*Stock prices used were end-of-day prices of July 25, 2023. The video was published on July 26, 2023.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends 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.