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Tesla (TSLA) held one of its calmer conference calls after knocking out five straight quarters of profit.Tesla CEO Elon Musk gave out more details on the full self-driving beta, noting that the system will be trained as edge cases are worked out with the beta drivers. It is noted that the car...
Uber Technologies (NYSE: UBER) is aiming to expand in Europe through a splashy acquisition, it seems. An article published Wednesday by Reuters cites a report in German business publication Manager Magazin saying that the ridesharing giant is offering over 1 billion euros ($1.2 ...
It is never too early to talk about flying car stock plays. Morgan Stanley is highlighting one today, with a new note on urban air mobility startup Lilium, whose primary product is a passenger air vehicle that is said to use the company's proprietary DEVTC technology and design to significant...
German business magazine Manager Magazin says Uber (UBER) has offered more than €1B to buy the joint rideshare business of Daimler (DDAIF) and BMW (BMWYY).Manager sources say Daimler wants to sell the Freenow unit, but BMW would prefer to sell Uber a stake.Last month, Bloombe...
The gig economy is currently under attack in California, and part of former Vice President Joe Biden's platform involves widening the battleground to the other 49 states. Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) have a lot to ponder between now and Nov. 3 -- as do its share...
During today's WSJ Tech Live event, Uber (UBER) CEO Dara Khosrowshahi says the rideshare business is still down 50% globally due to the pandemic and that the Delivery business is now the primary business.Khosrowshahi says there are pockets, like Hong Kong, where rideshare is ex...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Gap narrows on stimulusHouse Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin appear to be making progress in their latest coronavirus stimulus t...
China's top ride-hailing firm, Didi Chuxing (DIDI), has begun exploring a 2021 IPO in Hong Kong after rethinking previous aims to list in New York, Reuters reports.Reasons? Deteriorating U.S.-China relations, stricter audit requirements from U.S. regulators, as well as uninspiring stock perfo...
Autonomous taxis will disrupt life in a number of ways. The leading self-driving car companies are getting closer to introducing that service or feature. Tesla (TSLA) is looking to give recently made cars that feature in coming months, while Google is starting a test of autonomous taxis withi...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Economic reports in the week aheadThe earnings season heats up next week, with high-fliers Netflix (NASDAQ:NFLX), Tesla (NASDAQ:TSLA) and Chipotle (NYSE:CM...
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Uber Technologies, Inc. (NYSE:UBER) and Delivery Hero SE have struck a deal, with Uber set to acquire Delivery Hero’s foodpand...
U.S. stocks notched gains last week, with the Dow gaining 2.16% to record its fourth positive week in a row. The S&P 500 gained 1.85%, gaining ...
The EBITDA losses keep piling up quarter after quarter at Uber Freight, but President Lior Ron offered nothing but optimism in an earnings preview ...