Lyft (LYFT) Rockets to New Record High on Nashville Autonomous Driving Launch

We recently published All-Time Rush: 8 of 10 Big Names Hit Fresh Record Highs. Lyft, Inc. (NASDAQ:LYFT) is one of the best performers on Tuesday.

Lyft Inc. saw its share prices propel to a new all-time high as investors cheered its partnership with Waymo to bring autonomous driving service in Nashville, Tennessee.

In intra-day trading, Lyft, Inc. (NASDAQ:LYFT) climbed to its highest price of $23.50 before trimming gains to end the day just up by 13.13 percent at $22.84 apiece.

Under the agreement, Lyft, Inc. (NASDAQ:LYFT) said it will handle end-to-end management such as vehicle maintenance, infrastructure, and depot operations for the Nashville fleet, through its subsidiary Flexdrive.

Riders will have the opportunity to book Waymo’s fully autonomous driving vehicles on the Waymo app, thereafter it will be available on the Lyft app beginning 2026.

As part of the agreement, Lyft, Inc. (NASDAQ:LYFT) will construct a purpose-built AV fleet management facility with charging and vehicle service capabilities.

“This partnership brings together best-in-class autonomous vehicles with best-in-class customer experience,” said Lyft CEO David Risher.

“Waymo has proven that its autonomous technology works at scale. When combined with Lyft’s customer-obsession and world-class fleet management capabilities, it’s two great tastes that go great together,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.