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Uber's Massive Play in Autonomous Vehicles

Uber isn't making autonomous vehicles, but it may make a lot of money on autonomous vehicles anyway.

By Travis Hoium – Sep 12, 2024 at 6:30AM EST

Uber (UBER 0.08%) is out of the autonomous driving technology business, but that doesn't mean it's out of autonomous vehicles entirely. In fact, it has announced some major partnerships with autonomous driving leaders. In this video, Travis Hoium explains how Uber will be impacted by autonomous vehicles in the future.

*Stock prices used were end-of-day prices of Sept. 11, 2024. The video was published on Sept. 11, 2024.

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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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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, General Motors, and Mobileye Global. The Motley Fool has positions in and recommends Alphabet and Uber Technologies. The Motley Fool recommends General Motors and Mobileye Global 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
$74.64
(-0.08%)-$0.06
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$344.69
(+1.71%)+$5.80
General Motors Stock Quote
General Motors
NYSE: GM
$78.05
(-0.60%)-$0.47
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$342.32
(+1.35%)+$4.57
Mobileye Global Stock Quote
Mobileye Global
NASDAQ: MBLY
$9.23
(+6.09%)+$0.53

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

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