Uber CEO Says Autonomous Cities Could More Than Double by End of 2026

EarningsProduct / Tech Impact 4
โดย The Motley Fool·US·Read original
Summary · why it matters

Uber CEO Dara Khosrowshahi said the company's autonomous vehicle operations could expand from seven cities to 15 by the end of 2026, and that Uber will deploy around $10 billion over the next few years to help partners bring self-driving cars to market at scale. In prepared remarks for the second quarter of 2026, Khosrowshahi highlighted that Uber's platform already has 208 million monthly active customers and 10.2 million drivers, with $58 billion in gross bookings and $14.2 billion in revenue for the quarter. The company reported $2.4 billion in GAAP profit, and the CEO argued that replacing human drivers with autonomous vehicles could significantly boost revenue and profit even without adding customers. Uber's stock trades at a price-to-sales ratio of 2.8, below its historical average of 4.1 since going public in 2019, and the company is working with partners including Alphabet's Waymo, which completes over 500,000 paid autonomous trips weekly across 11 U.S. cities.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
Alphabet Inc Class C
GOOG
▲ PositiveDemandrelevance

Waymo, an Alphabet subsidiary, is mentioned as a partner completing over 500,000 paid autonomous trips weekly, indicating strong demand for its service.

Robotics & Physical AI▲ · 1 stocks
Uber Technologies Inc
UBER
▲ PositiveDemandrelevance

Uber's CEO announces expansion of autonomous operations and plans to deploy $10 billion to scale self-driving cars, boosting revenue and profit potential.

Theme Impact 3

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