Uber Stock Surges as Robotaxi Service With Waymo Launches in Atlanta
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Uber Stock Surges as Robotaxi Service With Waymo Launches in Atlanta
Uber shares jumped 8% Tuesday as the ridesharing giant launched its robotaxi service in Atlanta. The initial launch covers 65 square miles of Atlanta, roughly half of its footprint. Uber users will be able to choose whether or not they are matched with a Waymo vehicle. The companies announced Austin and Atlanta as their first targets for the program last September.
Uber users will be able to choose whether or not they are matched with a Waymo vehicle across roughly half of Atlanta.
The companies launched their service in March in Austin, Texas, where Tesla entered the robotaxi fray on Sunday.
Shares of Uber Technologies (UBER) jumped 8% Tuesday as the ridesharing giant launched its robotaxi service in partnership with Alphabet (GOOGL)-owned Waymo in Atlanta.
Atlanta-area Uber customers can now ride in a Waymo autonomous vehicle, though—like their collaboration in Austin, Texas—not to the airport. The initial launch covers 65 square miles of Atlanta, roughly half of its footprint.
Also like the Austin partnership that launched in March, Uber users can choose in their settings whether they want to take autonomous rides, and will be given the choice to accept or decline and switch to a person-driven ride when they book a trip.
In Austin, where more than 100 Waymo vehicles are on the Uber platform, the robotaxi space has started to get more crowded with Tesla (TSLA) launching its own small-scale program over the weekend.
The companies announced Austin and Atlanta as their first targets for the program last September, more than a year after revealing an agreement that they would eventually bring Waymo vehicles to Uber’s platform.
With Tuesday’s move, Uber shares are approaching their intraday record high of $93.60 set on May 20.