Mobility services provider Uber Technologies, Inc. (NYSE: UBER) recently revealed that it has launched autonomous deliveries for the customers of Uber Eats in Santa Monica, CA, in collaboration with an autonomous vehicle company, Motional. Following the news, shares of the company declined 3.3% on Monday. The fall, however, can be attributed to wider market concerns, as the stock recovered marginally to close at $23.72 in the extended trading session. The launch follows the announcement of the companies’ partnership in December, which was aimed at bringing autonomous vehicles into the delivery space to provide cost-efficient and reliable deliveries.
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Uber Technologies (NYSE:UBER)
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