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BofA has a Buy rating on Uber and $93 price target, suggesting upside of over 40%. Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram .
Price Actions: UBER stock is up 0.50% at $66.64 at last check Tuesday. LYFT is up 0.52%. ... This article Uber and Lyft Adapt Robotaxi Strategy to Compete in Tesla and Waymo's Space originally ...
But some analysts aren't convinced that Tesla could upend Uber, Lyft, or Waymo. On Thursday, Musk unveiled Tesla's driverless taxi and a 20-seat Robovan at Warner Bros. studio in Burbank, California .
In 2017, Waymo sued Uber for allegedly stealing trade secrets. [29] Waymo began testing minivans without a safety driver on public roads in Chandler, Arizona, in October 2017. [57] In 2017, Waymo unveiled new sensors and chips that are less expensive to manufacture, cameras that improve visibility, and wipers to clear the lidar system. [58]
However, the prices of some components such as LIDAR have fallen significantly. [22] In January 2021, Waymo stated its costs were approximately $180,000 per vehicle, and its operating cost at $0.30 per mile (~$0.19 per km), well below Uber and Lyft, but this excludes the cost of fleet technicians and customer support. [23]
It may also slow Waymo encroachment into Uber’s market share. An analysis from Bernstein estimated that, as of May 2024, Waymo’s 50,000 weekly paid rides made up approximately 2% of ride ...
From a consumer perspective, my Waymo experience was about on par with taking an Uber. Waymo was generally cheaper, and equally reliable. It sometimes took what seemed like slower, back-street routes.
Uber and Lyft drivers in Phoenix and Los Angeles have said robotaxis are making their gigs even more competitive.