UBER, Lucid and Nuro unveiled their robotaxi design at CES 2026, with testing underway and production set for later this year.
The stock is pricing in headwinds while discounting the success of its AV business.
Ride-hailing platform Uber Technologies, physical AI company Nuro and electric vehicle company Lucid announced Monday (Jan. 5) that they began on-road testing of their robotaxi in December and plan to launch a robotaxi service in the San Francisco Bay Area later this year. The companies are displaying the vehicle at this week's CES event, they said in a press release.
Autonomous vehicles (AV) are poised for explosive growth in 2026, with advancements in artificial intelligence (AI) reasoning models and sensor technology enhancing safety and reliability.
At CES 2026, the companies share more details about the upcoming self-driving Lucid Gravity SUV, which is slated to hit the road with passengers later this year.
Uber is evolving into a global logistics operating system driven by demand aggregation and capital efficiency, a transition the market currently underappreciates. The company is positioned for asset-light autonomy as its liquid network provides the essential layer AV hardware partners need to maximize utilization and economics. Uber utilizes a massive scale of 9.4 million drivers and 200 million users to create a compounding network effect that drives superior reliability and earner utilization.
Uber Technologies (UBER) closed at $82.86 in the latest trading session, marking a +1.41% move from the prior day.
UBER is reportedly eyeing SpotHero to expand beyond ridesharing, adding reserved parking in more than 400 cities to its platform.
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Uber Technologies, Inc. demonstrates robust fundamentals, consistent GAAP profitability, and expanding free cash flow, supporting a bullish outlook. Q3 2025 delivered strong revenue growth (20% YoY), record trip volumes, and EPS of $3.11, far exceeding consensus. Operational leverage is strengthening, with both Mobility and Delivery segments posting double-digit growth and cross-platform engagement driving retention and spend.
Recently, Zacks.com users have been paying close attention to Uber (UBER). This makes it worthwhile to examine what the stock has in store.
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