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Aug 6, 12:40 PM
Uber Seeks Financing for Robotaxi Push as Musk Plans 100 Tesla Units in California
Automobile
Robotics
Business
Tech

Uber Seeks Financing for Robotaxi Push as Musk Plans 100 Tesla Units in California

Authors
  • Sawyer Merritt
  • TESLARATI
  • Whole Mars Catalog
13

Uber Technologies Chief Executive Officer Dara Khosrowshahi said on a conference call that the company is holding discussions with private-equity firms and banks to raise financing for a future fleet of autonomous ride-hailing vehicles. The talks, he added, form part of a broader strategy to commercialize robotaxis at scale, an opportunity he estimates to represent a market worth roughly US$1 trillion. Khosrowshahi said Uber is speaking with “all major OEMs,” naming Tesla, Lucid and autonomous-software specialist Nuro among potential collaborators. He described Tesla as both a rival and a possible partner, arguing that the size of the market means no single firm will dominate and that a “winner-take-all” outcome is unlikely. His comments came shortly after Tesla Chief Executive Officer Elon Musk said the electric-car maker is working to place more than 100 fully autonomous Model Y vehicles on California roads “as soon as possible,” underscoring the quickening race among technology and automotive companies to secure first-mover advantage in commercial robotaxi services.

Written with ChatGPT .

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