Uber and Wayve are gearing up to launch a robotaxi service in London, allowing Uber customers to join an interest list to increase their chances of riding in a Wayve autonomous vehicle. This move puts Uber in direct competition with Waymo, Alphabet's self-driving leader in the U.S., which is also testing autonomous vehicles in London. Uber will offer robotaxi rides at no extra cost and plans to start with safety operators before fully driverless rides. The launch awaits regulatory approval amid ongoing UK government efforts to create autonomous vehicle regulations.
Lucid's shares fell 23% recently, dropping 53% for the year, after new CEO Silvio Napoli revealed a broad operational reset including $1 billion in cost cuts, 1,500 layoffs, and delaying the Cosmos EV model priced under $50,000 until next year. Despi...
Uber Technologies continues to demonstrate strong resilience and growth, reaching new highs in gross bookings and monthly active users despite concerns about autonomous vehicle (AV) disruption. The company is proactively investing $10 billion in AV p...
Uber has introduced a new live video streaming feature for teen accounts, allowing parents to monitor rides using the driver's selfie camera. The feature notifies parents when the stream is available and alerts both driver and teen if watched. Curren...
Zoomcar and Uber have partnered to integrate Uber Intercity chauffeur-driven rides into the Zoomcar app, allowing users to compare and book both self-drive and chauffeur-driven options for intercity travel. This collaboration currently covers Bengalu...
Uber Technologies is rated a buy with a fair value estimate of $130 per share, significantly above its current price of $76.83. The positive outlook is based on strong growth in gross bookings (up 22%) and non-GAAP operating income (up 40%), supporte...
