Uber's determination to emerge as the ride-share/robo-taxi platform market leader has been exemplified by the growing partnerships with Waymo, Lucid, and Volkswagen, amongst others. For now, the company remains more than well capitalized to embark on the ambitious autonomous investments, thanks to the richer Free Cash Flow generations and stable balance sheet health. Uber's key differentiator will be the well-diversified mobility offerings across ride-share, grocery/ food deliveries, freight/ logistics, instant commerce, and advertising, amongst others.
Uber (UBER) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The Investment Committee debate the latest Calls of the Day.
Uber Technologies (UBER 0.03%) has come a long way from its early days as a cash-burning disruptor of the taxi industry. Today, it's a profitable global platform with multiple engines of growth that span mobility, food delivery, logistics, and advertising.
UBER teams with Baidu, Lucid and Nuro to scale autonomous ride-hailing across global markets, aiming for long-term growth.
Uber is a dominant, profitable, asset-light platform benefiting from secular trends in mobility and delivery, with strong global brand and network effects. Autonomous vehicles (AVs) are a key catalyst, poised to enhance Uber's margins, reduce regulatory risks, and expand its addressable market. Autonomous vehicles (AVs) have the potential to reduce labor classification disputes inherent in the gig-economy model.
The rideshare company plans to invest several hundred million dollars into the program.
Uber is investing hundreds of millions into the robotaxi wars. The company partnered with Lucid, which makes the Gravity EVs that Uber will use in its robotaxi fleet.
Uber is investing hundreds of millions of dollars into EV maker Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own premium robotaxi service.
Uber on Thursday announced a $300 million partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. The ride-hailing company will invest $300 million in Lucid.
The Chinese search engine giant Baidu's stock (NASDAQ: BIDU) jumped by nearly 9% during trading on Tuesday. This increase comes in the wake of a multi-year collaboration with ride-hailing leader Uber.
Uber and Baidu join forces in the self-driving taxi market, combining Uber's network with Baidu's Apollo Go robotaxi fleet that has completed over 11 million rides across 15 cities.