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Another robotaxi is coming to market, and this one isn't powered by Tesla.
Croatian automaker Rimac announced a robotaxi concept last week, and Mobileye (MBLY 2.88%) is the one powering the company's autonomous driving technology. Could this be a path to millions of vehicles becoming fully autonomous? In this video, Travis Hoium covers the company's strategy to be a key technology provider.
*Stock prices used were end-of-day prices of June 30, 2024. The video was published on July 1, 2024.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and General Motors. The Motley Fool has positions in and recommends Alphabet and Tesla. 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.
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