Uber highlights autonomous vehicle efforts with Tesla in its rearview mirror

Quick Summary:

But the company has chosen to highlight the success of its autonomous vehicle effort, likely to assuage investors concerned about incoming competition from Tesla, which aims to reveal its first robotaxi in October.

Uber reported strong second-quarter results, with gross bookings and net profit both up decently.

The company noted in its investor deck that having a hybrid network of autonomous and human drivers “enables consistent, high-quality and reliable consumer experiences across all geographies, 24/7.

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Article Details

Author / Journalist: Rebecca Bellan

Category: Technology

Markets: United StatesAustraliaCanadaIndiaNew ZealandSaudi Arabia

Topics: Autonomous vehicles Uber Robotaxi Waymo Uber earnings Tesla Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 12:20:58 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1159 words

Reading Time: 7 minutes read

Sentences: 56 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21956544

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