Autonomous Vehicle News
It's an area that ride-hailing company Uber Technologies (UBER -1.55%) is exploring, and it could substantially boost its valuation in the long term. Uber is valued at $94 billion as of this writing, but here's how its stock could soar 1,063% to catapult the company into the $1 trillion club. But it reentered the space in 2022 through a 10-year deal with Motional, a joint venture between Korean automaker Hyundai and mobility technology company Aptiv. Uber has a great opportunity to join tech titans like Apple, Microsoft, Amazon, Alphabet, and Nvidia in the $1 trillion club within the next decade if autonomous ride-sharing lives up to expectations. And if it does, investors who buy Uber stock today could earn a whopping 1,063% gain.