Uber unveiled a Hyundai Ioniq 5 prototype equipped with numerous sensors to gather real-world driving data for its autonomous vehicle partners like Avride, Waymo, and WeRide. This marks Uber's first self-assembled vehicle since selling its autonomous division in 2020 and supports its AV Labs division's goal to collect diverse, high-quality data globally. Uber plans to deploy 500 of these sensor-equipped EVs worldwide in 2024, aiming to collect 2 million miles of data monthly to enhance self-driving software training. The data collected will be shared with partners to improve autonomous vehicle technology.
Grab and Uber released Q2 2026 results showing contrasting growth paths. Grab posted 21.73% revenue growth driven by fintech and groceries, with a 54% jump in adjusted EBITDA and expanding financial services. Uber's revenue grew 12.17%, mainly from d...
Uber Technologies' COO Andrew Macdonald bought 70,000 shares worth about $5.31 million, signaling confidence despite recent stock volatility. The company reported a record trailing 12-month free cash flow exceeding $10 billion and secured Spain's fir...
Arete Research downgraded Uber's stock from Buy to Neutral with a $74 price target, citing an expected 64.95% drop in earnings per share to $1.09 despite 9.6% revenue growth to $14.76 billion. Uber faces new competition from Tesla's Cybercab, which o...
Uber shares have fallen over 30% from their highs despite the company posting record free cash flow. The stock currently trades around $71, well below the Wall Street consensus target of $102, indicating a 44% potential upside. Analyst Mark Mahaney f...
Uber has invested $10 million in Indian fleet management startup Carrum Mobility, valuing the company at about $168 million. Carrum supplies over 5,100 vehicles and 18,000 drivers to Uber’s various service tiers in India, including the premium Uber B...
