Uber CEO Welcomes Tesla Robotaxi Entry, Sees No Winner-Take-All Market for Autonomous Driving

Uber CEO Dara Khosrowshahi welcomes Tesla's robotaxi entry, stating that the market is large enough for multiple players to succeed. He praises Tesla's measured approach and highlights Uber's growing partnerships in autonomous driving, including collaborations with Waymo, WeRide, and Wave. Khosrowshahi remains optimistic about the competition, saying it will create safer streets. Uber reported Q2 earnings beating estimates, with revenue up 18% YoY to $12.65 billion.

Uber Technologies Inc. (UBER) CEO Dara Khosrowshahi has welcomed Tesla's entry into the robotaxi market, stating that the market is large enough for multiple players to succeed. He praised Tesla's measured approach and highlighted Uber's growing partnerships in autonomous driving, including collaborations with Waymo, WeRide, and Wave.

During the company's Q2 2025 earnings call, Khosrowshahi emphasized that the competition in the autonomous vehicle (AV) space will lead to safer streets. He expressed optimism about the potential for multiple successful players in the market, noting that Uber is well-positioned to benefit from the increased competition.

Uber reported strong Q2 2025 earnings, with revenue up 18% year-over-year (YoY) to $12.65 billion, surpassing Wall Street estimates. The company's gross bookings hit $46.76 billion, beating the $46.41 billion estimate. Earnings per share stood at $0.63, in line with analyst forecasts.

Khosrowshahi also announced a new $20 billion share repurchase authorization, adding to the roughly $3 billion yet to be executed from last spring. The company has already executed over 60% of its authorization, indicating a continued focus on value creation for shareholders.

The earnings call also highlighted Uber's aggressive expansion into autonomous vehicles. The company expanded its AV footprint through ongoing deployments with Waymo in Austin and Atlanta, and launched new collaborations with Baidu Inc. (BIDU), Lucid Group Inc. (LCID), and Nuro. A new deployment with WeRide in Abu Dhabi also went live last quarter.

Uber expects multiple business models to co-exist on its platform, including merchant, agency, and licensing structures. The company's monthly active platform consumers (MAPCs) surged by 10 million in the quarter, reaching new records. Uber One membership hit 36 million users, up 60% year-over-year.

Despite the strong results, Uber shares were trading lower at the time of publication, as investors weighed long-term investments against near-term profitability. Goldman Sachs analyst Eric Sheridan reaffirmed a Buy rating with a $110 price target, implying 23% upside.

References:
[1] https://www.benzinga.com/markets/earnings/25/08/46903703/uber-earnings-call-second-quarter-buyback-share
[2] https://seekingalpha.com/news/4480023-uber-signals-high-teens-gross-bookings-growth-and-launches-20b-share-repurchase-while