Uber Technologies was upgraded to a strong buy due to its robust product innovation, expanding ecosystem, and attractive valuation. The company reported strong Q2 results with adjusted EBITDA up 33% and a margin of 19.8%, indicating improving profitability. Despite a $10 billion multi-year investment in autonomous vehicles that may pressure margins and cash flow, management plans to fund it without new debt. A discounted cash flow model values Uber's shares at around $105, suggesting they remain undervalued despite market skepticism.
Uber and Chinese autonomous vehicle developer Pony.ai have expanded their partnership to deploy 2,000 self-driving taxis across Europe and extend their robotaxi services to the Middle East. This follows the launch of a commercial robotaxi service in ...
Uber and Chinese autonomous vehicle maker Pony.ai have announced plans to introduce 2,000 robotaxis in four European cities as part of their expanded partnership. Pony.ai will provide the autonomous driving technology, while Uber will leverage its ri...
Uber and Pony.ai announced plans to deploy 2,000 self-driving taxis across Europe and expand their robotaxi partnership to the Middle East. They recently launched Europe's first commercial robotaxi service in Zagreb, Croatia, and will roll out servic...
Pony.ai and Uber have expanded their partnership to deploy over 2,000 Pony.ai Robotaxis across Europe, adding four new cities beyond their initial service in Zagreb. This collaboration combines Pony.ai's Level 4 autonomous driving technology with Ube...
Uber Freight, the logistics arm of Uber, suffered a cyberattack by the Helix hacking group, which claims to have stolen emails, cloud files, and dispatch documents. Despite the breach, Uber Freight states its business operations remain unaffected and...
