Uber could be moving more into Google and Tesla’s territory
Travis Kalanick, the former Uber CEO who was forced out in 2017, is back at the company — sort of. Uber is in talks with Kalanick to help fund the purchase of autonomous vehicle company Pony.ai, The New York Times reports.
Uber’s stock is up 2.6% today while Pony.ai has spiked 12% on the news. Kalanick would run Pony.ai if the deal goes through, but it’s unclear what role Uber would play.
This is all happening as the self-driving space is heating up. Earlier this week, Uber and Waymo (which is owned by Google) launched their self-driving partnership in a second city, Atlanta, sending Uber’s stock soaring. On Sunday, Tesla finally launched its long-awaited robotaxi in Austin with about 20 cars in a limited area to some Tesla influencers.
This is all happening as the self-driving space is heating up. Earlier this week, Uber and Waymo (which is owned by Google) launched their self-driving partnership in a second city, Atlanta, sending Uber’s stock soaring. On Sunday, Tesla finally launched its long-awaited robotaxi in Austin with about 20 cars in a limited area to some Tesla influencers.