Uber: Strategy Shift with 10 Billion USD Robotaxi Offensive Makes Sense
7.5 Billion USD for its own fleet and 2.5 Billion USD for company shares
On May 6, the results for the first quarter could provide new momentum
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Uber Technologies (UBER, i) is sending clear buy signals through its announced robotaxi offensive with a shift away from the purely "asset-light” model and a vigorously initiated attempt at a turnaround. Uber aims to become the leading provider of robotaxis by 2029, leveraging its accumulated data and the massive reach of 202 million monthly active users. There are already over 25 existing AV partnerships, and together with NVIDIA, Uber plans to launch Level-4 robotaxis in 28 cities across four continents by 2028. However, in the long run, Uber...
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