Chinese ride-hailing giant Didi plans to launch a robotaxi service in Shanghai

Chinese ride-hailing company Didi Chuxing shows off its autonomous vehicle fleet during the World Artificial Intelligence Conference in Shanghai, China in August 2019. Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app. The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Didi’s pilot project will combine b


Chinese ride-hailing company Didi Chuxing shows off its autonomous vehicle fleet during the World Artificial Intelligence Conference in Shanghai, China in August 2019. Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app. The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Didi’s pilot project will combine b
Chinese ride-hailing giant Didi plans to launch a robotaxi service in Shanghai Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: arjun kharpal
Keywords: news, cnbc, companies, plans, service, driverless, chinese, ridehailing, vehicles, company, shanghai, didi, autonomous, robotaxi, launch, giant, project, pilot


Chinese ride-hailing giant Didi plans to launch a robotaxi service in Shanghai

Chinese ride-hailing company Didi Chuxing shows off its autonomous vehicle fleet during the World Artificial Intelligence Conference in Shanghai, China in August 2019.

Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app.

The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Level four self-driving cars have a high degree of autonomy but a driver can still manually take control.

Didi’s pilot project will combine both autonomous vehicles and human-driving vehicles for the duration of the project.

It’s the latest company to announce a robotaxi pilot project as China tries to push development of its artificial intelligence (AI) industry, which includes driverless cars. China wants to become the world leader in AI by 2030.

Didi is not the first.

Technology giant Baidu is gearing up to launch a robotaxi service in Changsha later this year, while Pony.ai is carrying out its own project in the Nansha district of Guangzhou.

In the U.S., Google spinoff Waymo has teamed up with ride-hailing service Lyft to offer riders the option of a driverless car in Phoenix. Meanwhile, Tesla CEO Elon Musk said his company should have robotaxis on the roads in 2020.

Didi was granted permits to test autonomous vehicles in Shanghai on Wednesday. The company did not reveal a timeline for launching the pilot project.

Earlier this month, the company made its driverless car unit an independent company.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: arjun kharpal
Keywords: news, cnbc, companies, plans, service, driverless, chinese, ridehailing, vehicles, company, shanghai, didi, autonomous, robotaxi, launch, giant, project, pilot


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Uber falls to all-time low as investors grow more skeptical

Shares of Uber continued to sink on Monday, posting their lowest close ever, after the company reported disappointing second-quarter results last week. Since its debut on the public markets in May, Uber shares have shed about 18% of their value from the company’s IPO price of $45 per share. The company reported a per-share loss of $4.72 on revenue of $3.17 billion, both of which missed analysts’ estimates. Investors continue to remain skeptical about whether or not Uber can achieve profitability


Shares of Uber continued to sink on Monday, posting their lowest close ever, after the company reported disappointing second-quarter results last week. Since its debut on the public markets in May, Uber shares have shed about 18% of their value from the company’s IPO price of $45 per share. The company reported a per-share loss of $4.72 on revenue of $3.17 billion, both of which missed analysts’ estimates. Investors continue to remain skeptical about whether or not Uber can achieve profitability
Uber falls to all-time low as investors grow more skeptical Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: annie palmer
Keywords: news, cnbc, companies, falls, reported, alltime, shares, uber, company, ridehailing, loss, tusk, price, stock, investors, grow, results, low, skeptical


Uber falls to all-time low as investors grow more skeptical

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018.

Shares of Uber continued to sink on Monday, posting their lowest close ever, after the company reported disappointing second-quarter results last week.

The stock dropped 7.6% to $37.00, falling below its previous low of $37.10 on May 13. Since its debut on the public markets in May, Uber shares have shed about 18% of their value from the company’s IPO price of $45 per share.

Uber posted a staggering $5.2 billion loss in its latest quarterly results, driven primarily by stock-based compensation costs. The company reported a per-share loss of $4.72 on revenue of $3.17 billion, both of which missed analysts’ estimates.

In an interview with CNBC’s “Squawk on the Street” on Friday, CEO Dara Khosrowshahi characterized the losses as a “once-in-a-lifetime” hit as he tries to steer the company toward profitability.

Investors continue to remain skeptical about whether or not Uber can achieve profitability in the future. Those concerns have put Uber and rival ride-hailing firm Lyft’s shares under pressure in the months since their respective IPOs. Shares of Lyft fell 4.9% on Monday.

Early Uber investor Bradley Tusk told CNBC on Monday that the company needs to dominate in more areas than just Uber Eats and ride-hailing in order to become profitable.

“They’ve got to be that A-to-Z for transportation,” Tusk said. “Whether you’re getting yourself to A-to-B on a bike, scooter, or a car, bus, whether furniture being shipped on a truck, or a burrito from a messenger, they’ve got to be the default for all of that.”

Correction: This story has been updated with the correct percentage fall of Uber’s stock from IPO price.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: annie palmer
Keywords: news, cnbc, companies, falls, reported, alltime, shares, uber, company, ridehailing, loss, tusk, price, stock, investors, grow, results, low, skeptical


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Uber’s European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London


Uber’s European rival Bolt is now taking it on in the streets of London. The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area. Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London
Uber’s European rival Bolt launches in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


Uber's European rival Bolt launches in London

Uber’s European rival Bolt is now taking it on in the streets of London.

The Estonian ride-hailing company formerly known as Taxify announced its launch in the U.K.’s capital city Tuesday. It joins a growing list of start-ups trying to take market share from Uber in the London metropolitan area.

“We see this as quite a monumental thing for both the company and the ride-hailing industry as a whole,” Bolt CEO Markus Villig told CNBC in an interview. “London is one of the biggest, most profitable markets for Uber globally and one where it didn’t have a serious competitor.”

Villig, who founded the company in 2013, said more than 20,000 drivers have already signed up with Bolt ahead of Tuesday’s launch. There were an estimated 87,900 private hire vehicles licensed in London as of March 2018, according to the Department for Transport.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, launch, european, bolt, villig, ridehailing, uber, vehicles, company, london, ubers, uks, rival, launches


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Buy Uber because it will be a leader in the coming ‘offline era,’ Raymond James says

Uber is strongly positioned for the coming “offline era” of internet, according to Raymond James. “In contrast to traditional Internet companies, Uber is a digital app powering offline behavior,” he said. However, he said, internet businesses are increasingly shifting to offline from online, and Uber has capitalized on that early, which creates a better long term strategy. Raymond James initiated coverage of the stock with an outperform rating and a target price of $50. Uber’s stock is down abou


Uber is strongly positioned for the coming “offline era” of internet, according to Raymond James. “In contrast to traditional Internet companies, Uber is a digital app powering offline behavior,” he said. However, he said, internet businesses are increasingly shifting to offline from online, and Uber has capitalized on that early, which creates a better long term strategy. Raymond James initiated coverage of the stock with an outperform rating and a target price of $50. Uber’s stock is down abou
Buy Uber because it will be a leader in the coming ‘offline era,’ Raymond James says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, coming, era, ridehailing, raymond, internet, james, buy, growth, uber, offline, leader, stock, ubers, transportation, york


Buy Uber because it will be a leader in the coming 'offline era,' Raymond James says

Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019.

Uber is strongly positioned for the coming “offline era” of internet, according to Raymond James.

With 93 million monthly active platform customers globally using Uber’s “offline app” for transportation and food delivery, the ride-hailing company can attain 25% revenue growth over the next five years, Raymond James analyst Justin Patterson said in a note to clients Wednesday.

“In contrast to traditional Internet companies, Uber is a digital app powering offline behavior,” he said. “This elevates cost in the early years, but arguably creates a more defensible long-term position.”

Investors’ biggest concern since Uber’s initial public offering last month is its path to profitability. Patterson recognizes that the company’s shares have been pressured on these “reasonable concerns.” However, he said, internet businesses are increasingly shifting to offline from online, and Uber has capitalized on that early, which creates a better long term strategy.

Patterson said Uber’s end-market penetration is less than 1% globally.

“Considering Amazon and Booking sustained 20%+ growth in markets that were more penetrated, we see ample room for outsized growth, ” he said, referring to the parent company of booking.com, Kayak and OpenTable.

Patterson said that with Uber’s market share across transportation, delivery and freight, its growth will accelerate and the competition will “rationalize” over the next 12 months. Investors currently consider the ride-hailing industry to be a duopoly with rival Lyft.

Raymond James initiated coverage of the stock with an outperform rating and a target price of $50.

Uber’s stock is down about 5% since its market debut at the New York Stock Exchange last month. The stock has rallied over 5% in the first days of June.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, coming, era, ridehailing, raymond, internet, james, buy, growth, uber, offline, leader, stock, ubers, transportation, york


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Europe’s ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari


Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify. PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation. “I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Pari
Europe’s ride-sharing unicorns call for reform to help the sector thrive Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


Europe's ride-sharing unicorns call for reform to help the sector thrive

Martin Villig, co-founder of ride-hailing firm Bolt, which was formerly known as Taxify.

PARIS — Ride-sharing giants in Europe have urged reforms for the transport industry, in the hope that it will help them expand further within the continent and face less barriers to innovation.

Co-founders from two of the region’s largest mobility firms, BlaBlaCar and Bolt — formerly Taxify — said the lack of a common framework on carpooling and ride-hailing makes it more difficult to operate across the European Union.

The main issue is that the EU, though a collective bloc of 28 — or soon to be 27 — nations, does not have a unified “definition” of what it means to be a ride-sharing start-up, and therefore this creates a fragmentation among the different member states.

“I think it would help even in our industry if there would be some kind of harmonization of the transport regulations,” Bolt co-founder Martin Villig told CNBC in an interview at the Viva Technology conference in Paris.

The firm has been barred from entering countries like Germany, Italy, Spain and Denmark, Villig said, because those territories do not yet permit transportation start-ups to operate freely. In Spain, for instance, firms like Uber and Spanish company Cabify have faced a local pushback due to discontent in the traditional taxi industry.

“I think that there is a big opportunity to open that market,” Bolt’s co-founder said of untapped markets like Germany and Spain, adding that “giving some general harmonization guidelines from a European level” would help, “and then maybe some smaller details can be handled.”


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: ryan browne
Keywords: news, cnbc, companies, unicorns, europes, help, transport, villig, think, reform, thrive, ridehailing, bolt, sector, ridesharing, cofounder, operate, spain


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Profits in Uber’s core ride-hailing are an ‘Everest uphill battle,’ analyst warns ahead of the IPO

Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday. Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight. 1 player” in


Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday. Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight. 1 player” in
Profits in Uber’s core ride-hailing are an ‘Everest uphill battle,’ analyst warns ahead of the IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, uphill, core, ipo, uber, everest, ubers, lyft, driving, ives, white, warns, offering, analyst, battle, profits, service, ridehailing, amazon


Profits in Uber's core ride-hailing are an 'Everest uphill battle,' analyst warns ahead of the IPO

Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday.

In initiating coverage ahead of this month’s initial public offering, Ives argued that Uber will need to set itself apart from rival rail-hailing services like Lyft in order to satisfy investors.

Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight.

Uber is offering 180 million shares at $44 to $50 apiece. On a fully diluted basis, its valuation could top $91.5 billion, making it the biggest public offering since Alibaba. Lyft debuted on Wall Street in late March, gaining about 8% on its IPO day. Since then, Lyft shares as of Tuesday were about 18% below their $72 offering price.

Ives said Uber has established itself has the “clear No. 1 player” in rides, estimating its core driving service is worth about $75 billion. He expects the service could make a profit in five to seven years. “What you’re really trying to do is put more of a fence around your backyard in terms of Uber versus a Lyft,” he said in a “Squawk Box ” interview. However, he added that investors want to see whether Uber goes beyond rides and becomes the “Amazon of transportation” by locking in consumers through its other services.

Like Amazon, Uber has prided itself on diversifying beyond its core driving service for which it’s best known. According to a New York Times report, Uber has been comparing itself to Amazon during its pre-IPO roadshow to justify its losses as it expands. For years, Amazon plowed all the money it made back into the business on the promise of future success, which did in fact happen for the e-commerce giant.

Tom White, a senior research analyst at D.A. Davidson, is “resisting” the narrative that Uber can be the next Amazon. White, speaking in the same CNBC interview as Ives, said he does not see an opportunity for huge diversification in transportation as there is in retail.

“With Amazon, it was pretty clear early on it was a drastically better consumer experience when it came to buying things online,” said White, who started coverage with a neutral rating on Uber and a $53 per-share price target.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, uphill, core, ipo, uber, everest, ubers, lyft, driving, ives, white, warns, offering, analyst, battle, profits, service, ridehailing, amazon


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Profits in Uber’s core ride-hailing are an ‘Everest uphill battle,’ analyst warns ahead of the IPO

Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday. Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight. 1 player” in


Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday. Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight. 1 player” in
Profits in Uber’s core ride-hailing are an ‘Everest uphill battle,’ analyst warns ahead of the IPO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, ipo, amazon, driving, core, analyst, white, ridehailing, ives, uphill, ubers, battle, offering, lyft, profits, warns, uber, everest, service


Profits in Uber's core ride-hailing are an 'Everest uphill battle,' analyst warns ahead of the IPO

Uber will have a hard time making a profit in its core driving business at least in the near term, Wedbush Securities analyst Dan Ives said Thursday.

In initiating coverage ahead of this month’s initial public offering, Ives argued that Uber will need to set itself apart from rival rail-hailing services like Lyft in order to satisfy investors.

Profitability at Uber’s standard driving service is going to be “an Everest uphill battle,” said Ives, whose firm put an outperform rating on the company with a price target of $65 per share. Instead, he said Uber’s growth will come from its other ventures such as its Uber Eats food delivery service and shipping platform Uber Freight.

Uber is offering 180 million shares at $44 to $50 apiece. On a fully diluted basis, its valuation could top $91.5 billion, making it the biggest public offering since Alibaba. Lyft debuted on Wall Street in late March, gaining about 8% on its IPO day. Since then, Lyft shares as of Tuesday were about 18% below their $72 offering price.

Ives said Uber has established itself has the “clear No. 1 player” in rides, estimating its core driving service is worth about $75 billion. He expects the service could make a profit in five to seven years. “What you’re really trying to do is put more of a fence around your backyard in terms of Uber versus a Lyft,” he said in a “Squawk Box ” interview. However, he added that investors want to see whether Uber goes beyond rides and becomes the “Amazon of transportation” by locking in consumers through its other services.

Like Amazon, Uber has prided itself on diversifying beyond its core driving service for which it’s best known. According to a New York Times report, Uber has been comparing itself to Amazon during its pre-IPO roadshow to justify its losses as it expands. For years, Amazon plowed all the money it made back into the business on the promise of future success, which did in fact happen for the e-commerce giant.

Tom White, a senior research analyst at D.A. Davidson, is “resisting” the narrative that Uber can be the next Amazon. White, speaking in the same CNBC interview as Ives, said he does not see an opportunity for huge diversification in transportation as there is in retail.

“With Amazon, it was pretty clear early on it was a drastically better consumer experience when it came to buying things online,” said White, who started coverage with a neutral rating on Uber and a $53 per-share price target.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, ipo, amazon, driving, core, analyst, white, ridehailing, ives, uphill, ubers, battle, offering, lyft, profits, warns, uber, everest, service


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Uber quizzed on growth at IPO roadshow in London

Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm’s growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO). “It’s going to be much more difficult and cumbersome to extract profitability,” said another investor who attended the roadshow. Lyft was the first U.S. ride-hailing company to go public and one challenge investors grappled with was how to value a company with no


Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm’s growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO). “It’s going to be much more difficult and cumbersome to extract profitability,” said another investor who attended the roadshow. Lyft was the first U.S. ride-hailing company to go public and one challenge investors grappled with was how to value a company with no
Uber quizzed on growth at IPO roadshow in London Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30
Keywords: news, cnbc, companies, investor, attended, ipo, uber, quizzed, billion, roadshow, investors, growth, valuation, business, company, london, ridehailing


Uber quizzed on growth at IPO roadshow in London

Uber Technologies Inc Chief Executive Dara Khosrowshahi sought to persuade money managers in London that the loss-making ride hailing firm’s growth plans justified a valuation of up to $91.5 billion in an initial public offering (IPO).

In the ballroom at Claridge’s, the five-star hotel in London’s wealthy Mayfair district, over 100 investors listened on Monday to Khosrowshahi and Chief Financial Officer Nelson Chai talk about the company’s plans to expand their food delivery business and venture into other new business areas like shopping.

Uber is trying to show investors that it can shift from being simply a ride-hailing service to a technology platform for services ranging from delivering groceries and take-away meals to organizing freight transportation.

“While they didn’t call themselves Amazon, they made several references to their platform and how they intend to build that out,” said one investor who attended the hour-long presentation but declined to be named.

Uber reported on Friday it was aiming for a valuation of between $80.5 billion and $91.5 billion, less than the $120 billion investment bankers told the company last year it could fetch.

It also disclosed it suffered a loss of around $1 billion on sales of roughly $3 billion in the first quarter of 2019.

Uber has cautioned in its IPO filing that it may never make a profit and some investors at the roadshow said the ride-hailing industry faces hurdles such as increased regulation and local minimum wages that could hamper profitability.

“It’s going to be much more difficult and cumbersome to extract profitability,” said another investor who attended the roadshow. Uber’s lower valuation target follows the poor performance of smaller rival Lyft Inc, whose shares are down around 20 percent from when the company listed last month.

Lyft was the first U.S. ride-hailing company to go public and one challenge investors grappled with was how to value a company with no clear peer.

The second investor who attended the Uber roadshow said people should look at the airline industry, as opposed to other technology companies, when assessing Uber’s business model.

“If you think about airlines, there’s a lot of barriers to entry and there are capital intensive barriers, but ultimately airlines are not massively profitable,” the investor said.

A spokesman for Uber declined to comment on the investor comments.


Company: cnbc, Activity: cnbc, Date: 2019-04-30
Keywords: news, cnbc, companies, investor, attended, ipo, uber, quizzed, billion, roadshow, investors, growth, valuation, business, company, london, ridehailing


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Wall Street calls Tesla’s autonomous plan ‘half-baked,’ doubts it can beat Lyft, Nvidia and Google

Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries. The event came two days before Tesla is scheduled to report first-quarter earnings. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand. Here’s what else ana


Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries. The event came two days before Tesla is scheduled to report first-quarter earnings. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand. Here’s what else ana
Wall Street calls Tesla’s autonomous plan ‘half-baked,’ doubts it can beat Lyft, Nvidia and Google Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yun li, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, google, software, technology, robotaxis, doubts, osborne, teslas, investor, nvidia, halfbaked, tesla, plan, musk, street, wall, calls, ridehailing, legal, leaders, lyft


Wall Street calls Tesla's autonomous plan 'half-baked,' doubts it can beat Lyft, Nvidia and Google

Tesla CEO Elon Musk touted robotaxis by 2020 on “Tesla Autonomy Investor Day,” and Wall Street was not impressed.

At the company event Monday, Musk was all too confident about carrying out autonomous robotaxis next year, even predicting that Tesla will be making cars with no steering wheels or pedals by 2021. However, analysts believe the technology is still far from ready and it puts Tesla at a risky position to compete with leaders in ride-hailing and software industries.

“We see a significant amount of technology and execution risk in the shift in strategy from competing in just electrification to Tesla also beating Nvidia in hardware, Google in software, and building a better ride-hailing service than current ride hailing leaders,” Cowen’s analyst Jeffrey Osborne said in a note on Tuesday.

“The Tesla Network robotaxi plans seemed half baked, with the company appearing to either not have answers to or not even considered pretty basic question on the pricing, insurance liability, or regulatory and legal requirements,” Osborne added.

The event came two days before Tesla is scheduled to report first-quarter earnings. Shares of Tesla are down 0.5% in morning trading on Tuesday. The stock has fallen 21% year to date amid the company’s legal woes, disappointing deliveries and slowing demand.

Here’s what else analysts are saying about Tesla’s Autonomy Investor Day:


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: yun li, frederic j brown, afp, getty images
Keywords: news, cnbc, companies, google, software, technology, robotaxis, doubts, osborne, teslas, investor, nvidia, halfbaked, tesla, plan, musk, street, wall, calls, ridehailing, legal, leaders, lyft


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Uber is way more complicated than Lyft, and investors shouldn’t value them the same way

While Uber and Lyft, the top two ride-hailing services in the US, may comprise a duopoly the companies shouldn’t be valued the same way. Uber is known as a ride-hailing business and so is Lyft. In its S-1 filing, Uber reveals that it is already generating significant revenue from business units that it grouped into three broad categories: Personal Mobility, Uber Eats and Uber Freight. Even within the “personal mobility” category, Uber’s business is significantly more complex than Lyft’s. Persona


While Uber and Lyft, the top two ride-hailing services in the US, may comprise a duopoly the companies shouldn’t be valued the same way. Uber is known as a ride-hailing business and so is Lyft. In its S-1 filing, Uber reveals that it is already generating significant revenue from business units that it grouped into three broad categories: Personal Mobility, Uber Eats and Uber Freight. Even within the “personal mobility” category, Uber’s business is significantly more complex than Lyft’s. Persona
Uber is way more complicated than Lyft, and investors shouldn’t value them the same way Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-13  Authors: lora kolodny, drew angerer, ali balikci, anadolu agency, getty images, simon dawson, bloomberg
Keywords: news, cnbc, companies, lyft, mobility, value, business, uber, personal, valued, shouldnt, ridehailing, complicated, way, wayuber, units, companies, investors


Uber is way more complicated than Lyft, and investors shouldn't value them the same way

While Uber and Lyft, the top two ride-hailing services in the US, may comprise a duopoly the companies shouldn’t be valued the same way.

Uber is known as a ride-hailing business and so is Lyft. Both companies offer ride-sharing, carpooling, bike and scooter rentals for short trips on-demand. But the comparisons should probably stop there.

In its S-1 filing, Uber reveals that it is already generating significant revenue from business units that it grouped into three broad categories: Personal Mobility, Uber Eats and Uber Freight. It’s also operating in 63 countries and more than 700 cities while Lyft remains focused on transportation only, in just the US and Canada.

Even within the “personal mobility” category, Uber’s business is significantly more complex than Lyft’s.

Personal mobility


Company: cnbc, Activity: cnbc, Date: 2019-04-13  Authors: lora kolodny, drew angerer, ali balikci, anadolu agency, getty images, simon dawson, bloomberg
Keywords: news, cnbc, companies, lyft, mobility, value, business, uber, personal, valued, shouldnt, ridehailing, complicated, way, wayuber, units, companies, investors


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