Overview
- The company announced on June 3 that it has committed roughly $500 million to self-driving startup Nuro, with an initial $203 million tranche valuing Nuro at about $6 billion and additional funding tied to performance milestones.
- That funding is part of a reported three-way plan with Lucid to deploy nearly 35,000 robotaxis using Lucid’s Gravity SUVs, Nuro’s autonomous technology, and Uber’s ride platform.
- Uber is continuing local pilots and commercial steps while building the platform, including a new Munich robotaxi program with Autobrains and Nvidia and a London waitlist for a planned launch later this year.
- The stock has slipped to a 52-week low near $68 even as 49 of 56 analysts rate the shares Buy with an average target around $106.80, and some firms cite the 2026 World Cup and AV rollouts as near-term catalysts.
- The company is making small operational moves at the same time, trimming less than 1% of staff in its People and Places division and pursuing other growth actions such as expanding EV motorcycles in Kenya and reported, unconfirmed interest in acquiring Delivery Hero.