On Thursday, Uber Technologies rose more than 2%, reporting $62.63.
According to Zhitong Finance APP, on Thursday, Uber Technologies (UBER.US) rose more than 2%, reporting $62.63. Uber Technologies' Chief Financial Officer previously stated that there is "great confidence" that the mobility Business will grow at a rate of "10% to 20%" for several quarters at least before 2025.
On Wednesday, affected by General Motors adjusting its autonomous driving Global Strategy, Uber Technologies' stock price experienced a decline. General Motors announced plans to readjust its autonomous driving Global Strategy, prioritizing the development of advanced driving assistance systems to achieve fully autonomous personal vehicles, abandoning funding for the Cruise autonomous taxi project.
Bernstein Analyst Daniel Roeska stated that this news is unfavorable for Uber Technologies and Lyft (LYFT.US) because it indicates that the autonomous vehicle market will further consolidate.