Uber Technologies Inc (NYSE:UBER, ETR:UT8) announced on Wednesday that it expects to launch an autonomous taxi service in late 2026, choosing the San Francisco Bay Area as its first market. In July, the ride-hailing company revealed it was developing a robotaxi with electric vehicle maker Lucid and the self-driving technology company Nuro Inc. Uber said Lucid recently delivered test vehicles to Nuro and said it plans to have 100 test vehicles on the road in the months ahead.
Uber has picked San Francisco to launch a premium robotaxi service that will use Lucid Motors' all-electric Gravity SUVs equipped with self-driving tech developed by Nuro, in 2026 — a move that puts the ride-hailing giant in direct competition with Waymo.
Stellantis said on Tuesday it has partnered with Nvidia , Uber and Foxconn to explore the joint development of autonomous vehicles, aiming to tap into the booming demand for self-driving cars.
Uber (UBER) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ride-hailing service Uber has signed on as a sponsor for next year's Milano-Cortina Winter Olympics, organisers said on Tuesday, as they prepare for a Games where transportation is likely to be one of the key challenges.
Uber's partnership-led AV strategy and global scale position it ahead of WeRide in the fast-growing robotaxi market. Its stronger price performance bodes well.
Uber Technologies Inc (NYSE:UBER, ETR:UT8)'s third quarter results are set to modestly outperform Wall Street expectations, driven by strong mobility trends and continued progress in autonomous vehicle (AV) development, Bank of America analysts believe. They maintained their ‘Buy' rating on the ride-hailing and delivery app with a $115 price objective.
Chipmaker Nvidia and ride-hailing giant Uber are teaming up to advance autonomous driving technology, a move that sent Uber's stock up 3.5% on Thursday afternoon.
Uber Technologies (UBER) closed the most recent trading day at $94.61, moving +2.6% from the previous trading session.
Uber's surging gross bookings across mobility and delivery signal strong demand and potential for continued growth.
Eligible drivers can use the payment to buy new or used EVs in states including New York, California, Colorado and Massachusetts.
Uber Technologies said on Wednesday it is rebranding its “Uber Green” service as “Uber Electric” and launching a $4,000 grant program for drivers, as part of the ride-hailing giant's push toward zero-emission rides by 2040.