Uber Technologies UBER experiences a significant fall in stock as Wall Street reviews the robotaxi deal with
Lucid. Uber teaming up with
Lucid and Nuro for a next-generation
autonomous robotaxi service translates to a significant growth lever for the company. However, recent changes to Uber's secret algorithm have reduced UK drivers' earnings, causing concerns. Despite these drawbacks, the $300 million Uber deal with Lucid sparked stock excitement but raised questions about its achievement ability. The news of
Uber's investment in Lucid and plans to deploy 20,000 robotaxis has affected the stock market, leading to gains for Uber and Lucid. Uber adds to its autonomous vehicle (AV) partnerships with several strategic alliances, including iFood in Brazil, Baidu for robotaxi rollout, and LA28 Olympic Games. Expansion initiatives like the SNAP EBT Options with new retail partners underline Uber's growth prospects. Analysts suggest Uber's stock has room for more growth amid the 50% year-to-date gains, presenting this as an excellent buying opportunity. However, some believe Uber's desperation is evident in its Lucid robotaxi move.
Uber Technologies UBER News Analytics from Mon, 06 Jan 2025 08:00:00 GMT to Sat, 19 Jul 2025 13:10:00 GMT -
Rating 1
- Innovation 5
- Rumor 2
