Uber Stock Rises 3% Following Robotaxi Fleet Launch in Dallas

Uber's shares climbed nearly 4% on Wednesday after the company unveiled a new robotaxi service in Dallas, developed in collaboration with Avride. The autonomous fleet, consisting of fully electric Hyundai Ioniq 5 vehicles, will operate in a 9-square-mile zone covering key areas like Downtown and DEEP Ellum. Select UberX, Comfort, and Comfort Electric riders may now be matched with these driverless options.

"We're proving how autonomous vehicles and human drivers can coexist to enhance convenience, sustainability, and affordability," said Sarfraz Maredia, Uber's Global Head of Autonomous Mobility. Avride CEO Dmitry Polishchuk emphasized the long-term vision: "Robotaxis have been our goal from day one—this launch lays the groundwork for scalable autonomous transportation."

While current operations include safety drivers, Uber confirmed fully driverless capabilities are slated for future deployment. The announcement propelled Uber's stock to $90 at market close, a 3.46% gain.