The real threat to Uber's business doesn't come from robotaxis
- Uber order growth rate slows in Q3 2023 results
- Based on Q4 2024 results, slowing growth will continue to decelerate
- DoorDash recently made Lyft services part of its DashPass service
- That is, Uber's two main competitors inside the U.S. have merged
- Uber's stock is down 15% since its high (around Oct. 10)
- Meanwhile, 85% of analysts recommend buying Uber shares
- The decline in orders was influenced by rising insurance costs
- Uber had to raise prices to offset the costs
- DashPass will become more competitive with Uber One thanks to Lyft
- A number of analysts consider the deal negative for Uber's business
- Others say there will be no major impact for Uber
- They don't believe in the risk from Tesla's theoretical robot cabs yet
- Waymo, which has partnered with Uber, is gaining popularity
- For San Francisco, it has reduced robotaxi wait times.
- The wait for robotaxis there has become the same as Uber and Lyft
- Next year, Uber and Waymo will launch a service for Texas and more