Aurora Innovation, Inc. Class A Common StockAUR
Recorded
Aurora Innovation, Inc. Class A Common Stock Morgan Stanley's 14th Annual Laguna Conference
Review the key takeaways and the transcript of this earnings call.
PeriodFY 0Duration35 min
Key takeaways
- Aurora Innovation began driverless operations last year and launched its second-generation hardware in April.
- Aurora has completed 6 million miles in total, including almost half a million fully driverless miles.
- Aurora expects to end the quarter with 2025 trucks in operation and to produce trucks at a rate of 20 trucks a week in Q4.
- Aurora said it is fully allocated for 2026 and works with customers including FedEx, Werner, Hirschbach, Detmar, McLean, and Schneider.
- Aurora has approximately 1.2 billion dollars in liquidity and is on order of 2,000 people today.
- Aurora said its second-generation hardware is expected to reduce hardware costs by 50% plus and has roughly triple the durability of its first-generation hardware.
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