Uber CEO Welcomes Tesla's Robotaxi Entry, But Says There Will Be No Winner-Take-All: 'Could Be A Competitor, Could Be A Partner'
Uber CEO Dara Khosrowshahi welcomed Tesla's entry into the robotaxi market, stating it validates the industry's potential for multiple players. He emphasized that the market is large enough for both competition and partnership, with no single winner expected. Khosrowshahi highlighted Uber's expanding partnerships in autonomous driving and reported strong Q2 earnings, with revenue of $12.65 billion, surpassing estimates. He remains optimistic about the competition leading to safer streets despite regulatory scrutiny.
Uber Technologies Inc. UBER CEO Dara Khosrowshahi said Tesla Inc.'s TSLA foray into robotaxis is a positive step for the autonomous driving industry, noting that the future market is large enough for multiple players to succeed.
Khosrowshahi: Tesla's Entry Validates The Market
In a CNBC "Squawk Box" interview on Wednesday following Uber's earnings release, Khosrowshahi addressed Tesla’s robotaxi rollout in Austin, calling it a welcome development in a growing space.
"It [Tesla] could be a competitor, could be a partner," Khosrowshahi said, adding, "When you’re talking about trillion-dollar TAMs [Total Addressable Markets], there will be no winner-take-all in this marketplace."
He praised Tesla for its measured approach, saying they’re taking their time and making sure they’re expanding safely. "We’ve always believed that the potential in self-driving is for these cars to be superhuman in terms of safety."
Also Read: WeRide And Uber Expand Robotaxi Reach In Abu Dhabi
Uber Expands Autonomous Partnerships Worldwide
Khosrowshahi also highlighted Uber's growing partnerships in autonomous driving, which include collaborations with Alphabet Inc.'s GOOG GOOGL Waymo in Austin and Atlanta, WeRide in Abu Dhabi and Wave in the U.K.
"The average Waymo in Atlanta is busier than 99% of drivers in the city," he reiterated, underscoring early momentum in robotaxi adoption. Uber is also working with Baidu Inc. BIDU outside the U.S.
Robotaxi Race Heats Up In The US
Tesla officially launched its Robotaxi pilot in Austin in June, deploying over 10 Model Y vehicles in a limited rollout aimed at influencers and early adopters. The service mirrors ride-hailing apps like Uber, but features full self-driving capabilities.
Other players, such as Waymo and Amazon.com, Inc. AMZN-backed Zoox, are also ramping up operations.
Despite regulatory scrutiny—particularly around Tesla's Full Self-Driving performance—Khosrowshahi remains optimistic. "All of this competition in autonomous is going to create safer streets, and we are going to be a big part of that," he said.
Uber Reports Q2 Earnings Beating Estimates
Uber announced its financial results for the fiscal second quarter of 2025 on Wednesday, posting revenue of $12.65 billion — an 18% increase compared to the same period last year and above the consensus estimate of $12.46 billion.
The company also delivered an adjusted earnings per share of 63 cents, slightly surpassing the expected 62 cents.
By segment, Mobility revenue climbed 19% year-over-year to $7.3 billion, Delivery rose 25% to $4.1 billion, while Freight revenue slipped 1% to $1.3 billion.
Price Action: TSMC shares dipped 0.19% in regular trading and edged down another 0.24% after hours, closing at $89.01, per Benzinga Pro.
According to Benzinga's Edge Stock Rankings, UBER maintains strong momentum across short, medium and long-term timeframes. Further performance details can be found here.
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