Dodo198444
2022-12-07

$Uber(UBER)$ 

For the first time ever, public Uber (UBER) riders can now hail an autonomous ride, starting today in Las Vegas.

Uber has long talked about autonomous vehicles as key to its growth, first with founder Travis Kalanick and later with current CEO Dara Khosrowshahi. For its part, today's announcement is the result of Uber's partnership with autonomous vehicle company Motional, a team-up that was first announced by the two companies in October.

“Motional has proven themselves to be an industry leader, steadily and safely progressing autonomous technology towards a driverless future,” said Uber Global Head of Autonomous Mobility and Delivery Noah Zych in a statement. “We’re thrilled to take this next step together in Las Vegas, and look forward to continuing to integrate autonomous technologies into the Uber network to grow our business by providing customers with additional reliable, affordable and effortless transportation and delivery options.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • frosti
    2022-12-09
    frosti
    Uber could easily print between 9-14 billion dollars in net profit by early 2028. That equates to valuations for the company between 135 billion- 210 billion dollars. At a PE of 15 the shares would be valued between 81 dollars a share to 114 a share. Management is finally delivering on its promise to create synergies on its platform. I'm in for the long-term. GLTA.
  • bubblyx
    2022-12-09
    bubblyx
    UBER had less than daily volume and have been selling off for the last three days.
  • wigglyz
    2022-12-09
    wigglyz
    What's Uber's appeal at this price?
  • Chibichibi
    2022-12-07
    Chibichibi
    👍
  • Keychain
    2022-12-07
    Keychain
    Good
  • Mypek
    2022-12-07
    Mypek
    Ok
Leave a comment
20