Uber Technologies Inc (NYSE:UBER) shares are creeping higher in extended trading on Tuesday after the company announced a partnership with Tesla Inc (NASDAQ:TSLA) for an EV fleet accelerator program.
UBER is performing well relative to peers. Stay ahead of the curve here.
What To Know
Uber Freight on Tuesday launched a dedicated EV fleet accelerator program in partnership with Tesla that aims to make electric freight more affordable and accessible by addressing key adoption barriers.
Under the program, fleets purchasing Tesla Semis will receive a subsidy on the purchase price. Fleets will also integrate their Tesla Semis into Uber Freight's dedicated solutions for shippers and receive utilization optimization from Uber’s strong shipper base.
“We are excited to partner with Uber Freight on this initiative to accelerate the adoption of Semis across supply chains,” Tesla Semi said in an X post on Tuesday afternoon.
Uber shares were marginally higher in after-hours at last check. Tesla shares were also inching higher following the announcement, according to Benzinga Pro.
How To Buy UBER Stock
Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For Uber, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
UBER Price Action: Uber shares were up 0.24% in after-hours, trading at $98.10 at the time of publication on Tuesday, according to Benzinga Pro.
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