BNP Paribas Equity Research views Uber as a major beneficiary of autonomous-vehicle adoption, with a $106 target implying about 56% upside. The note suggests robotaxi costs could fall to 42 cents per mile from roughly $1 today, though licensing and financing costs remain uncertain. Uber’s global scale and AV partnerships are highlighted as competitive advantages, with greater clarity on economics expected over the next four to ten quarters.
Uber unveiled self-serve senior accounts with a 'Senior' button, plus simple-mode design and arrival alerts. It is also piloting easy-entry vehicles in nine markets to aid riders with reduced mobility. The initiative expands Uber's reach beyond general riders, leveraging its roughly 75% U.S. market share; adoption could lift senior usage and retention over time.
Uber says savings from 3,300 layoffs and insurance costs will be reinvested to lower prices and broaden options, potentially boosting rider demand. CEO Dara Khosrowshahi framed the move as strengthening the business, with a roughly 2% stock uptick after insider-buy disclosure. The plan unfolds at a Goldman Sachs conference, highlighting management's growth framing.
Spain issues the first EU national Level 4 permit for WeRide's GXR, enabling Madrid testing with Uber and AVOMO. The approval sets the stage for a commercial rollout under ES-AV, with 20 vehicles in the initial phase and operations targeted by end-2026. This milestone supports Uber's European AV expansion and could accelerate deployment-related value creation if pilots translate into scale.
Uber's $10 million investment in Carrum Mobility lifts Carrum to a ₹16 billion post-money valuation and positions Uber in Carrum's mid-teens ownership. Carrum is Uber's largest fleet partner for Black in India, with about 5,100 vehicles and 18,000 drivers, generating roughly ₹4.3 billion in annualized revenue. The deal highlights Uber's push to rely on fleet operators to scale India operations, with potential product collaborations and broader expansion.
Uber launched autonomous rides in London using Wayve AI, making London the second European city after Zagreb to offer robotaxis. The pilot advances Uber's autonomy program and could serve as a proving ground for scaling robotaxi services, with potential long-term cost benefits and regulatory learnings guiding future deployments.
