Pony.ai and Uber plan to roll out 2,000 robotaxis across Europe. The two companies also agreed to work together in the Middle East.
Uber's Tokyo robotaxi pilot with Hinomaru Kotsu could expand its autonomous-mobility presence while leveraging local fleet and regulatory expertise.
Uber's gross bookings top $58 billion in Q2, marking a fourth straight quarter of above-20% growth as Mobility, Delivery and Freight all advance.
A hacking and extortion gang has taken credit for a cyberattack and data breach at Uber Freight, the ride-sharing giant's logistics subsidiary.
UBER moves closer to launching autonomous rides in London after TfL licensed Wayve vehicles, with strong rider interest supporting rollout plans.
The change is significant because Uber and Lyft drivers are generally classified as independent contractors rather than employees.
Uber Technologies (NYSE:UBER | UBER Price Prediction) has quietly slid back near the low end of its 12-month range, but our model reads the setback as opportunity.
Uber accelerated Q2 gross bookings growth to 22% YoY while generating $10B+ in TTM free cash flow, yet trades at a depressed valuation due to overblown Waymo disruption fears. The $14.8B Delivery Hero acquisition doubles cross-platform markets to 58, creating a global logistics moat and driving long-term operating leverage. UBER's 3P hybrid network solves the peak-demand utilization problem for autonomous vehicles, positioning it as the primary tollbooth for global AV scaling.
Uber Technologies is upgraded to a strong buy, supported by robust product innovation, an expanding ecosystem, and attractive valuation. Q2 results showed strong segment growth and improving profitability, with adjusted EBITDA up 33% and a 19.8% margin. UBER's $10B multi-year AV investment may pressure margins and cash flow, but management expects to fund it without new debt.
Uber has sold off its entire stake in Serve Robotics, the autonomous delivery robot company that spun out of the ride-hailing company more than five years ago.
Uber's diversified platform drives bookings, trips and profits across Mobility and Delivery, while robotaxi partnerships add another growth path.
Uber Technologies (UBER) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, UBER broke through the 200-day moving average, which suggests a long-term bullish trend.