Stellantis, Wayve, and Uber have formed a partnership to accelerate the global deployment of fully autonomous Level 4 robotaxis. Stellantis will manufacture vehicles designed for autonomous use, Wayve will provide AI driving software capable of navigating complex environments without detailed maps, and Uber will integrate these vehicles into its ride-hailing app. This collaboration aims to scale driverless mobility efficiently and safely, building on existing projects in cities like London and Tokyo. The partnership reflects a growing industry trend of combining automaker, software, and mobility platform strengths to commercialize autonomous transport.
Uber Technologies is maintained as a BUY with a price target of $94, suggesting a 38% potential gain. Despite recent underperformance and concerns around autonomous vehicle (AV) technology risks, the market reaction is seen as overblown. Uber's acqui...
Uber's stock dropped 13% over the past month, underperforming large-cap tech but faring better than rivals Lyft and DoorDash, which fell 15% and 24% respectively. This decline reflects broader weakness in the rideshare and delivery sector, as well as...
