Uber’s robotaxi opportunity faces a profitability test, Wang argues
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Andrew Wang says Uber’s business looks stronger than its stock performance: gross bookings grew 20%, adjusted EBITDA rose 31%, and quarterly free cash flow exceeded $2.5 billion. But higher fuel costs and driver shortages raise incentives. He says Uber has committed up to $10 billion to its autonomous-vehicle ecosystem, while robotaxi rides currently earn less than human-driven rides. Christine Short cites plans for 2000 vehicles next year and tens of thousands in 2028 and beyond; the key question is who captures the profits.
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