Why Aurora Innovation Stock Is Surging Higher Today
Self-driving trucking start-up Aurora Innovation (NASDAQ: AUR) used its year-end financial result announcement to provide an exciting update about its commercial rollout. Investors are excited about what's to come and sent Aurora shares up 30% as of 10:45 a.m. ET.Aurora is an under-the-radar autonomous-driving company focused on the commercial trucking business. It's still in the development stage, so investors weren't surprised to see the company report a $0.46 per-share loss in the quarter on sparse revenue.The important question is how soon revenue will materialize, and the markets are cheering Aurora's answer. In a statement, CEO Chris Urmson said the company is "on the cusp of our planned commercial launch" with plans to roll out its self-driving technology "safely, quickly, and broadly."Continue reading
Self-driving trucking start-up Aurora Innovation (NASDAQ: AUR) used its year-end financial result announcement to provide an exciting update about its commercial rollout. Investors are excited about what's to come and sent Aurora shares up 30% as of 10:45 a.m. ET.
Aurora is an under-the-radar autonomous-driving company focused on the commercial trucking business. It's still in the development stage, so investors weren't surprised to see the company report a $0.46 per-share loss in the quarter on sparse revenue.
The important question is how soon revenue will materialize, and the markets are cheering Aurora's answer. In a statement, CEO Chris Urmson said the company is "on the cusp of our planned commercial launch" with plans to roll out its self-driving technology "safely, quickly, and broadly."
