Why WeRide Stock Soared Today
Shares of WeRide (WRD 17.84%) flew higher on Tuesday. The company's stock spiked 18.2% as of market close. The jump comes as the S&P 500 rose 2%, and the Nasdaq Composite rose 2.4%.The autonomous driving company's stock jumped after it announced its expansion into Saudi Arabia.WeRide in Saudi ArabiaThe Chinese company announced today that it will launch operations in Saudi Arabia in partnership with Uber, where its robotaxis can be hailed. The company has already begun testing its vehicles in the country, a ...