Mobileye (MBLY) stock inched higher on June 16 after the company announced plans of launching its own vertically integrated autonomous ride-hailing business. In its press release, the self-driving technology specialist said it will deploy an initial fleet of 100 fully driverless robotaxis in a major, unnamed U.S. city in 2027.
If this initial rollout proves successful, MBLY aims to scale its driverless fleet aggressively to about 17,000 vehicles over the following five years.
