Uber’s stock rose sharply after the company unveiled an autonomous division focused on self-driving cars. Ride bookings rose substantially in the same period. The stock jumped, propelling market value up by a large amount in one day.
Investors now look closer at Uber’s plans beyond ride-hailing. Automated transport seems to be driving up optimism in the company’s future. AVs might redefine mobility are increasingly on the table as Uber charts its next move.