Uber Stock Is Trending Tuesday: What's Going On?

Uber Technologies Inc. (NYSE:UBER) shares are slightly higher on Tuesday following a series of partnership announcements that signal a deeper push into autonomous vehicle deployment and retail delivery expansion.

What To Know: The company disclosed a new agreement with Pony.ai Inc. (NASDAQ:PONY) to integrate autonomous robotaxis onto the Uber platform. The service will begin later this year in an unnamed Middle Eastern market, with a plan to gradually expand to additional international locations.

Initially, rides in these autonomous vehicles will include a human safety operator onboard. The vehicles are powered by Pony.ai's latest seventh-generation autonomous system, which is designed to allow for scalable and cost-efficient production.

The partnership is intended to help Uber integrate driverless technology into its platform more quickly and broadly. Both companies emphasized that this pilot phase is a step toward eventual full autonomy, though no timeline for that transition was provided.

Separately, Uber announced it is partnering with discount retailer Family Dollar to bring more than 5,000 of its stores onto the Uber Eats app across the U.S. This move enables customers to order common household items for delivery, including cleaning supplies, personal care products and food basics. The company says the deal expands its retail delivery footprint and makes low-cost essentials more accessible, particularly for customers in areas with fewer options. The timing aligns with broader economic pressures that have consumers prioritizing convenience and cost savings.

In another development related to autonomous mobility, Uber and WeRide have expanded their existing partnership. Over the next five years, the two companies will roll out autonomous ride services to 15 new cities globally. Uber will provide the platform and manage fleet operations, while WeRide supplies the autonomous vehicles. This announcement follows their initial launch in Abu Dhabi, which is set to expand soon to Dubai. The cities targeted in this expansion are located outside of the U.S. and China.

Uber Price Action: Uber shares were down 0.035% at $85.80 at publication on Tuesday, according to Benzinga Pro.

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