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Autonomous Deliveries Could Go Mainstream By 2030
FreightWaves24d agoneutral
Autonomous Deliveries Could Go Mainstream By 2030

Autonomous delivery robots are already operating at scale — and Avride says it has 60+ driverless Uber vehicles and several hundred delivery bots running today. Sergei Kirillov, chief commercial officer at Avride, breaks down where the company is live, how its sidewalk robots differ from road vehicles, and why college campuses and dense urban deliveries […] The post Autonomous Deliveries Could Go Mainstream By 2030 appeared first on FreightWaves.

Uber (UBER) Stock May Still Look Reasonable As Takeover Offer Lands
Simply Wall St.27d agoneutral
Uber (UBER) Stock May Still Look Reasonable As Takeover Offer Lands

Uber Technologies stock has delivered a return of 95.5% over the past five years, yet current valuation checks still point to a company that screens as relatively cheap rather than stretched. Recent share price moves have been mixed over shorter periods, which keeps the question open for you as to whether the current level offers enough compensation for the risks around regulation, competition and execution. Over five years the stock has gained 95.5%, which means anyone looking at Uber...

Tesla and Uber Won Robotaxi Permits—Why Citizens Kept Both Ratings Unchanged
Insider Monkey27d agoneutral
Tesla and Uber Won Robotaxi Permits—Why Citizens Kept Both Ratings Unchanged

On August 24, Citizens analyst Andrew Boone reiterated a Market Perform rating on Tesla (NASDAQ: TSLA) and Market Outperform on Uber Technologies Inc (NYSE: UBER) with a $100 price target. The rating reaffirmation follows news that state regulators have granted permits to Tesla, Uber subsidiary Aviari Services and Waymo to operate robotaxi services in the […]

Uber (UBER)’s $966 Million Fine: A Temporary Headwind or Bigger Regulatory Threat?
Insider Monkey28d agoneutral
Uber (UBER)’s $966 Million Fine: A Temporary Headwind or Bigger Regulatory Threat?

Uber Technologies, Inc. (NYSE:UBER) is facing a major regulatory setback after the Dutch Data Protection Authority fined the company €825 million ($966 million) for using automated systems to suspend or deactivate drivers without adequate information or meaningful human oversight. The case relates to incidents from 2018 to 2022, including automated suspensions of drivers suspected of […]

Lucid’s Stock Collapses–Again
24/7 Wall St.28d agoneutral
Lucid’s Stock Collapses–Again

Lucid's new CEO unveiled a sweeping list of fixes, partnerships, and bold promises, but Wall Street responded by punishing the stock hard. The question now is whether the company can survive long enough to compete in markets dominated by rivals with far deeper pockets.

Delivery Hero H1 Earnings Call Highlights
MarketBeat28d agoneutral
Delivery Hero H1 Earnings Call Highlights

Delivery Hero (ETR:DHER) reported accelerating second-quarter growth and raised its full-year outlook across gross merchandise value, revenue, adjusted EBITDA and free cash flow, as the company said investments in its “Everyday App” strategy were supporting both customer engagement and profitability

Baidu (BIDU) Takes Apollo Go Driverless Rides Overseas With Dubai Launch
Simply Wall St.28d agoneutral
Baidu (BIDU) Takes Apollo Go Driverless Rides Overseas With Dubai Launch

Baidu (NasdaqGS:BIDU) is rolling out its fully driverless Apollo Go robotaxis on the Uber platform in Dubai through a new partnership. The deal marks Baidu's first commercial deployment of autonomous vehicles outside China using a major global ridesharing app. Riders in Dubai will be able to book Apollo Go autonomous trips directly within the Uber app as the service launches. The move expands Baidu's international mobility footprint and links its autonomous driving technology with Uber's...

Investing.com29d agoneutral
Uber publishes formal offer document for Delivery Hero takeover

Investing.com -- Uber on Thursday published the formal offer document for its voluntary takeover bid for Delivery Hero, after receiving approval from German financial regulator BaFin, kicking off an acceptance period that runs from August 27 to November 5.