Uber Reportedly Stockpiling Insurance Reserves To Fund Robotaxi Expansion
A report by Consumer Watchdog reveals that Uber has increased its self-funded insurance reserves to $12.5 billion, potentially aiming to finance a robotaxi rollout if it succeeds in limiting liability for auto accidents through legislative changes in California and other states.
Tickers: $UBER
Topics: consumer rights insurance reserves robotaxi self-driving cars Uber