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Uber failed in building its own autonomous driving technology, so now it's turning to a big partner.
Uber (UBER 2.25%) 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.
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.
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