Uber is planning to continue investing in self driving cars, despite the company’s reduced profits due to lower prices and increased taxes. The company’s shares have declined after the company reported lower than expected earnings and reduced its profits for early 2026. Despite this, the company is seeing strong demand, with the number of rides taken rising as users take advantage of lower cost rides. The company is launching robotaxi services in up to 15 cities by the end of 2026, including Hong Kong, Madrid, and Houston, as it believes autonomous vehicles will lead to lower prices, increase the number of rides, and grow the market, not cannibalize the current market.
Uber Pushes Robotaxi Plans Even as Cheaper Rides, Higher Taxes Dent Profit
