-
Elon Musk Isn't The Only One Chasing 'Super App' Dominance In The US— Uber CEO Eyes A Slice With Potential Expedia Acquisition
Wednesday, October 16, 2024 - 11:40pm | 635Uber Technologies Inc. (NYSE:UBER) is reportedly considering a bid for travel booking giant Expedia Group Inc. (NASDAQ:EXPE). What Happened: Uber has been consulting advisers to assess the feasibility of acquiring Expedia, a company with a market valuation just shy of $20 billion,...
-
As Elon Musk Unveils Cybercab, Uber CEO Weighs In On Robotaxi Competiton From Waymo, Tesla: 'Don't Think This Is Going To Be A Winner-Take-All Marketplace'
Tuesday, October 15, 2024 - 7:17am | 635In a recent discussion, Uber Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi shared insights into the competitive landscape of the robotaxi market, highlighting Uber’s strategic positioning amidst rivals like Alphabet’s (NASDAQ:GOOGL) Waymo and Tesla Inc (NASDAQ:TSLA). What Happened...
-
Uber Announces Measures To Ramp Up Electrification Of Its Fleet Ahead Of Tesla's Robotaxi Unveil
Thursday, October 10, 2024 - 2:00am | 507Uber Technologies (NYSE:UBER) is working towards its goal of transforming into a zero-emission platform with measures including the introduction of an AI assistant on the driver app to help with EV-related queries, company CEO Dara Khosrowshahi said on Tuesday. What Happened: Uber committed to...
-
Uber Launches OpenAI's ChatGPT-Based Driver Assistant To Support Transition To EVs
Tuesday, October 8, 2024 - 7:20am | 469Uber Technologies Inc. (NYSE:UBER) is preparing to launch an AI assistant, powered by OpenAI‘s GPT-4o, aimed at helping drivers transition to electric vehicles. The initiative is part of Uber’s larger plan to cut down on emissions. What Happened: The AI assistant was unveiled during...
-
Uber Rides High, But Death Cross Signals Loom: Bulls Unfazed By Technical Risks
Tuesday, September 17, 2024 - 1:50pm | 742Uber Technologies Inc. (NYSE:UBER) stock has had an impressive run this year, up a stellar 25.37% year-to-date and a whopping 57.36% in the past year. The ride-hailing giant continues to dominate its competition, but some technical indicators suggest a potential slowdown as the stock nears a Death...
-
Uber CEO Dara Khosrowshahi Visits BYD HQ In China To Discuss Onboarding 100K BYD EVs On The Ride-Hailing Platform
Thursday, August 29, 2024 - 6:32am | 493Senior executives from Uber Technologies (NYSE:UBER), including CEO Dara Khosrowshahi, visited BYD Co.’s (OTC:BYDDY) headquarters in China earlier this week, the Chinese automaker said. What Happened: Uber’s executives visited BYD headquarters in Shenzhen to discuss their collaboration...
-
Elon Musk Agrees With Ark Invest Analyst On Biggest Challenge Of Ride-Hailing Operations, Echoes Sentiment On Offering Incentives For Tesla Owners To Let Their Vehicles Be Used As Robotaxis During Peak Hours
Tuesday, August 20, 2024 - 7:07am | 920Ark Invest analyst Sam Korus took to X last week to dispute claims that Tesla Inc.’s (NASDAQ:TSLA) vision for operating a fleet of autonomous vehicles will likely not work. What Happened: Tesla CEO Elon Musk expects his company’s robotaxi fleet to function like a combination of Airbnb...
-
Uber's Cost Cuts May Be Working: S&P Global Upgrades Credit Rating As Stock Soars 25% In 2 Weeks
Monday, August 19, 2024 - 3:11pm | 743S&P Global raised Uber Technologies Inc's (NYSE:UBER) credit rating to BBB- from BB+ on Friday evening after the market close. The company's share price is up by 25% in the past two weeks after stronger-than-expected earnings results earlier this month. For the ride-hailing giant, recent...
-
Uber CEO Dara Khosrowshahi Doubts Tesla's Robotaxi Fleet Management Plans, But Maintains Hope For Partnership: 'It Doesn't Have To Be Either, Or…'
Saturday, August 10, 2024 - 4:32am | 696Uber Technologies (NYSE:UBER) CEO Dara Khosrowshahi expressed doubts about Elon Musk‘s vision for Tesla Inc.’s (NASDAQ:TSLA) future robotaxi fleet. Khosrowshahi’s Concerns: Musk expects his company's robotaxi fleet to function like a combination of Airbnb and Uber. While a certain...
-
Squeamish About Dashcams In Uber, Lyft Cars? Senator Duo Introduces A Bill To Tackle Recording Devices
Friday, June 14, 2024 - 12:18am | 614Two U.S. senators have introduced a bill that would mandate ride-hailing companies like Uber Technologies Inc. (NYSE:UBER) and Lyft Inc. (NASDAQ:LYFT) to inform passengers if their drivers are using dashcams to record them. What Happened: The bill, proposed by Sen. Marsha Blackburn (R-TN...
-
Uber, Tesla Team Up To Drive EV Adoption: Khosrowshahi Says Company Remains 'Totally Committed' To Electrification Despite Demand Concerns
Wednesday, January 17, 2024 - 5:11pm | 506Uber Technologies Inc (NYSE:UBER) is working with Tesla Inc (NASDAQ:TSLA) to encourage drivers to switch to electric vehicles. Uber CEO Dara Khosrowshahi believes more and more companies are going to have to work together to achieve electrification. What To Know: Axios on Wednesday...
-
Uber Launches 1st Ever Joint Service With Railway Carrier In War-Torn Ukraine
Tuesday, July 25, 2023 - 1:53am | 577Uber Technologies Inc (NYSE:UBER) has made history by launching its first-ever collaboration with a railway carrier, and that too in a war-torn nation. What Happened: Partnering with Ukrainian Railways (Ukrzaliznytsia, or UZ), the new service named Uber Travel integrates Uber rides with...
-
Uber's Top-Level Executive Carousel: CFO Chai To Exit, Latest In A String Of Departures
Tuesday, July 11, 2023 - 3:18pm | 534Uber Technologies Inc (NYSE:UBER) is bracing for a shift in its top brass with Chief Financial Officer Nelson Chai planning his exit — the most significant executive departure since the ride-hailing giant’s 2019 IPO. Chai, a seasoned financial veteran, had been instrumental in navigating Uber...
-
Did You Know The Uber CEO Is An Undercover Uber Driver? He Drives This EV And Has A 5-Star Rating
Friday, February 10, 2023 - 12:57pm | 476If you've ever used Uber Technologies Inc (NYSE: UBER) to get around in northern California, there's a chance Uber CEO Dara Khosrowshahi was behind the wheel of the vehicle that picked you up. What To Know: Khosrowshahi took the helm of Uber in 2017 to clean up the...
-
Lean And Mean? Looking At Uber Just Months After CEO's Memo
Wednesday, February 8, 2023 - 2:06pm | 365Uber Technologies Inc (NYSE: UBER) CEO Dara Khosrowshahi delivered on his bombshell memo to employees back in May of last year, saying the rideshare giant would cut costs and treat hiring like a “privilege,” as the company was addressing a shift in investor sentiment. What Happened:...