Aurora Innovation Plunges 17.08% as Uber Sells $1B Shares

Aurora Innovation's stock price plummeted by 17.08% in pre-market trading on May 14, 2025, marking a significant decline for the company.

This sharp drop was primarily driven by Uber's announcement that it would sell $1 billion worth of its shares in Aurora Innovation. As the largest shareholder, Uber's decision to reduce its stake in the company raised concerns among investors about the future prospects of Aurora Innovation.

Additionally, the market's reaction to Aurora Innovation's recent financial performance and strategic direction may have contributed to the stock's decline. Investors are closely monitoring the company's progress in developing autonomous driving technology and its ability to compete in the rapidly evolving market.