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UBER Dec 2024 35.000 put
- Barrons.com
Uber Is No Upstart Anymore, Thanks to Dara Khosrowshahi. Profits Are Starting to Roll In.
Uber Technologies CEO Dara Khosrowshahi has transformed the ride-sharing and food-delivery business from a new-economy upstart into an increasingly profitable cash generator—one that provides flexible work to more than seven million drivers and couriers. Uber faced an existential crisis during the pandemic, when global travel largely ceased and most people were forced to work from home. On Uber’s latest earnings call, Khosrowshahi, 55, said the 15-year-old company’s recent results “demonstrate our ability to deliver consistent, profitable growth at scale.”
- Zacks
Uber Technologies (UBER) Stock Moves -0.04%: What You Should Know
The latest trading day saw Uber Technologies (UBER) settling at $70.30, representing a -0.04% change from its previous close.
- Yahoo Finance Video
Cities are 'the biggest hurdle' for Tesla's robotaxi: Analyst
RBC Capital Markets Global Autos Analyst Tom Narayan has lowered his price target for Tesla (TSLA) from $293 to $227, citing concerns about the company's anticipated robotaxi project. Narayan joins the Morning Brief to share his perspective on the electric vehicle giant's outlook. Narayan's price target revision was influenced by two key factors. First, he anticipates lower pricing in the rideshare industry by the time robotaxi launches. Second, he projects higher revenue share percentages for rideshare platforms like Uber (UBER) and Lyft (LYFT), potentially diminishing robotaxi's valuation. Despite these concerns, Narayan maintains that the robotaxi project will be the "biggest contributor of value for Tesla." However, Narayan emphasizes that "the biggest hurdle" for this technology lies not in its development but in infrastructure adaptation. "The tech isn't that really far away, it's not the tech. It's really the cities need to reengineer themselves," Narayan explains to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
