Tesla's stock rose 4% following Slovenia's approval of its Full Self-Driving system and the launch of the Cybercab, a vehicle designed for autonomous ride-hailing. This progress threatens Uber, whose shares fell 4%, despite strong Q2 2026 results showing revenue growth and increased rides. Tesla's expanding robotaxi network, operating unsupervised in multiple US cities, challenges Uber's marketplace model by potentially bypassing third-party platforms. Investors will watch for Tesla's federal approval for wider Cybercab deployment, while Uber continues investing heavily in autonomous vehicle partnerships to stay competitive.
Uber Technologies has agreed to buy ezCater, a US-based catering and workplace meals platform, for $2.3 billion in an all-cash deal. EzCater processed over $2.5 billion in orders in the past year and is profitable on a non-GAAP basis. The acquisition...
Uber is acquiring ezCater, a leading U.S. catering platform, for $2.3 billion in cash to expand its Uber Eats offerings into large-scale catering and workplace meals. ezCater, founded in 2007, has generated over $2.5 billion in gross bookings in the ...
Uber Technologies is acquiring ezCater, a platform specializing in catering and workplace meals, for $2.3 billion. This acquisition expands Uber Eats' reach into the U.S. workplace food delivery market, leveraging ezCater's network of over 140,000 re...
Uber Technologies is rated a Strong Buy due to strong institutional buying, even though its stock price has dropped about 30% over the past year. The stock is considered undervalued with potential for growth as electric vehicles, ride-hailing, and ro...
