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Robo Taxi

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SpaceX IPO Could Nudge Tesla, but Musk Keeps Two Mega‑Companies
business10 days ago

SpaceX IPO Could Nudge Tesla, but Musk Keeps Two Mega‑Companies

SpaceX’s planned $75 billion IPO, with a valuation well above $2 trillion, could tempt some Tesla holders to shift funds but is unlikely to meaningfully derail Tesla. Investor demand for SpaceX is high, but tech IPOs at 80x+ sales can retreat about 50% over three years. Meanwhile, Tesla’s stock is seen as more influenced by AI progress, its robo-taxi rollout, and the new Optimus robot, making the SpaceX IPO a potential headwind rather than a crash for Tesla.

via Barron's|
#business#elon-musk#ipo-valuation
Uber Gains After Q1 Beat, Bookings Jump as Robo-Taxi Push Looms
business28 days ago

Uber Gains After Q1 Beat, Bookings Jump as Robo-Taxi Push Looms

Uber beat expectations with Q1 adjusted earnings of 72 cents per share (vs. 69 cents expected) on revenue of $13.2 billion, which rose 10% in constant currency but fell short of a $13.3 billion estimate. Gross bookings jumped 21% to $53.7 billion, driven by 20% ride-hailing growth and 23% delivery growth. For Q2, Uber guided to 78–82 cents in adjusted EPS and gross bookings of $56.25–$57.75 billion. The stock rose about 7.8% after the report as investors weigh Uber’s solid core growth against its longer-term AV and robo-taxi bets, including partnerships with Rivian and Zoox, and expansion plans to 15 markets by 2026.

via Barron's|
#business#earnings#gross-bookings
Tesla Robo-Taxi Rides Coming Soon, Says Musk
technology9 months ago

Tesla Robo-Taxi Rides Coming Soon, Says Musk

Tesla CEO Elon Musk announced that Tesla's robo-taxi service in Austin, Texas, will be open to the public next month, with additional software upgrades expected to significantly improve the system. The service, which uses Tesla's Full Self Driving software, is part of Tesla's broader strategy to lead in autonomous vehicle technology, competing with companies like Waymo. The rollout could dramatically expand Tesla's autonomous ride-hailing capabilities across the U.S., potentially reaching half the population by year's end, pending regulatory approval.

via Barron's|
#austin#elon-musk#robo-taxi
Uber Surges with $20B Buyback Amid Strong Q2 Performance
business10 months ago

Uber Surges with $20B Buyback Amid Strong Q2 Performance

Uber's stock fell 2.9% despite strong earnings and a $20 billion buyback, mainly due to concerns over the significant investments required for autonomous vehicle technology and competition from robo-taxi services. The company reported better-than-expected revenue and forecasted higher gross bookings, with ongoing investments in partnerships like Lucid to develop autonomous vehicles, but these efforts have yet to impact Uber's market share significantly.

via Barron's|
#autonomous-vehicles#business#earnings
Tesla's Robotaxi Challenges and Regulatory Scrutiny Impact Stock Rally
business11 months ago

Tesla's Robotaxi Challenges and Regulatory Scrutiny Impact Stock Rally

Tesla's stock declined slightly after a significant jump following the launch of its robo-taxi service in Austin, Texas, amid safety concerns and ongoing investigations by NHTSA. While the service has received positive reviews, videos showing minor errors have prompted regulatory scrutiny, highlighting the challenges and uncertainties in scaling autonomous vehicle technology. Investors are cautious, comparing Tesla's progress to competitors like Waymo, which has demonstrated safety improvements with more extensive ride data. The future of Tesla's robo-taxi ambitions depends on safety, regulatory approval, and scaling efforts.

via Barron's|
#business#nhtsa#robo-taxi