Why Amazon Stock Eked Out a Victory on Monday
Amazon (NASDAQ: AMZN), a company that devotes piles of capital and much collective brainpower to improving its business through technology, saw its shares rise on some good news in that sphere. It reported the successful test of a self-driving vehicle, and this heartened investors enough for them to send the share price 2% higher on Monday.
The good news came from Amazon's Zoox self-driving tech unit, which said that it successfully road-tested a prototype robotaxi. This occurred on Saturday, according to the Amazon unit, with the ride spanning two Zoox buildings in Foster City (a municipality near San Francisco). Several Zoox employees were the passengers on the journey.
The live human test drive follows what Zoox claims has been "rigorous" testing on private roads. Zoox aims to operate a free-of-charge employee shuttle service as its first official rollout.
Source Fool.com
