Core Insights - Uber's latest quarterly results exceeded expectations, with notable strength in delivery services, although margins raised some concerns [2][5] - The stock experienced a decline, attributed to broader market trends and potential profit-taking, despite solid performance [3][4] - The future growth potential of Uber is heavily tied to the development of robo-taxi services, which are still in the testing phase [5][6] Financial Performance - Uber reported a free cash flow of $8.5 billion, indicating a strong financial position and the ability to invest in future technologies [12][13] - The company has maintained profitability for three consecutive years, which is viewed positively by analysts [13] Market Reaction - The market's cautious sentiment led to a sell-off, with some analysts suggesting this presents a buying opportunity [9][10] - CEO Dara Khosrowshahi's comments on the profitability timeline for autonomous vehicles may have contributed to market hesitance [7][8] Loyalty Programs - Uber's loyalty programs are seen as effective in retaining customers and driving repeat business, especially after securing a partnership with Delta Airlines [15][17] - The loyalty initiatives are compared favorably to those of competitors like Lyft, enhancing customer engagement [16][17] Investment Outlook - Analysts recommend viewing the current dip in stock price as a buying opportunity, citing reasonable valuations and strong growth prospects [18]

The ride-hailing company plans to be live in at least 10 markets with its autonomous-vehicle fleet by the end of 2026. ...

Uber (UBER) reported strong third quarter results before the bell on Tuesday, but investors likely wanted more, sending the stock lower in pre-market trade. The results follow a wave of deals Uber has made in the autonomous space. Uber reported Q3 revenue of $13.47 billion vs $13.26 billion estimated per Bloomberg consensus, a 21% jump from a year ago. Uber posted earnings per share (EPS) of $1.20 vs $0.70, with adjusted EBITDA coming in at $2.3 billion vs $2.27 billion, up 33%. Net income jumped to $6.6 ...

WeRide Inc. (NASDAQ:WRD) raised over $308 million in Hong Kong share sales ahead of a reported HK Stock Exchange debut on November 6.88 Million Shares SoldThe company sold over 88 million shares priced at HK$27.10 to a maximum price of HK$35, Bloomberg reported on Monday. The share sale helped the company raise over HK$2.39 billion ($308 million), but it could rise to $354 million if a greenshoe option is exercised, the report said.A greenshoe, or over-allotment option, is a provision that lets the underwri ...

But another weak breath day that doesn't really seem to matter for the index trend. >> Yeah, Mac, do you want to tell me about uh Uber and the expectations there. >> So, Scott, the street is bullish on Uber's Q3 print with both Bank of America and UBS calling for a modest beat fueled by strong rid share demand and more users actively booking trips and placing food orders through the app.Even as Door Dash continues to take share, Uber's delivery category is expected to stay resilient and autonomous driving. ...

Group 1: FDA and Aurinia Pharmaceuticals - George Tidmarsh has resigned as director of the FDA's Center for Drug Evaluation and Research amid accusations of making false statements about Aurinia Pharmaceuticals and its lupus nephritis treatment [4][3] - Aurinia has filed a federal lawsuit against Tidmarsh, alleging false statements and solicitation of a bribe, which Tidmarsh claims is a result of a toxic environment at the FDA [4][3] - Tidmarsh criticized the FDA's new National Priority Review Voucher program, suggesting it could alter drug approval processes without adequate legal support [4] Group 2: Autonomous Driving - Baidu's Apollo Go unit has achieved a milestone of over 250,000 fully driverless rides per week as of October 31, matching the performance of Waymo [5] - The total number of robotaxi rides operated by Apollo Go during the quarter ended June 30 was 2.2 million, averaging around 169,000 rides per week [6] Group 3: Nvidia and U.S. Market - President Trump announced that Nvidia's most advanced Blackwell chips will be exclusively available to U.S. companies, restricting access to other countries [7]

Future Fund LLC's managing director, Gary Black, has weighed in on Tesla Inc.'s (NASDAQ:TSLA) Full Self-Driving (FSD) system, hailing its progress.Check out the current price of TSLA here.A Huge Step UpTaking to the social media platform X on Saturday, the investor hailed Tesla's progress in the autonomous driving sector. "The $TSLA FSD community tracker shows FSD v14 at 1,677 miles per critical disengagement – a huge step-up vs v13," Black said in his post.A critical disengagement occurs when the FSD syste ...

Core Insights - Tesla's robotaxi ambitions are generating excitement despite some disappointments in earnings [1] - The market is increasingly viewing Tesla as a tech company rather than a traditional automaker [2][7] Valuation and Market Position - Tesla's price-to-sales ratio is significantly higher than that of other automakers, trading above 16 times earnings, indicating a premium valuation typically associated with tech firms [3][7] - Despite a projected decline in sales this fiscal year, Tesla continues to maintain a high market cap of $1.518 trillion [5][6] Sales and Market Dynamics - Tesla is experiencing sales declines of up to 40% in certain regions, even as overall EV sales rise [5] - The loss of federal subsidies has impacted the EV industry, which previously contributed billions in profits to Tesla [5] Robotaxi Development - Elon Musk has made ambitious predictions regarding the rollout of Tesla's robotaxi service, aiming for "millions" of robotaxis by the end of 2026 [11] - The company plans to expand its robotaxi service to eight to ten cities by the end of the year [11] Competitive Advantage - Tesla's control over its production processes and significant investments in AI position it favorably in the robotaxi market [12][13] - Analysts believe that Tesla's vertically integrated business model and access to capital could enable it to capitalize on a potential $10 trillion global opportunity in autonomous vehicles [15]

Core Insights - Stellantis NV reported third-quarter earnings with a revenue of €37.2 billion (approximately $43 billion), surpassing market expectations of €35 billion ($40 billion) [2] - The company experienced a 13% year-over-year increase in shipments, totaling 1.2 million units, and a 13% increase in revenue compared to the previous year [2] Investment and Production - CEO Antonio Filosa announced a $13 billion investment in the U.S. aimed at enhancing Stellantis' presence in its largest market, which is the largest single investment in the company's history [3] - This investment will facilitate the introduction of five new models and increase U.S. production capacity by 50% over the next four years [3] Foreign Exchange Impact - The company faced significant foreign exchange challenges, with a negative impact of €1.7 billion (over $1.96 billion) at the group level during the third quarter [4] - Despite beating revenue expectations, the stock value declined over 9% due to these foreign exchange headwinds [5] Partnerships and Production Challenges - Stellantis announced a partnership with Pony AI Inc. to develop level 4 autonomous driving vans, with initial testing set to occur in Luxembourg this year and expansion planned for next year [6] - A fire at a Novelis facility affected aluminum processing, leading to halted production of the Jeep Wagoneer SUV in Warren, Michigan, as Novelis is a key supplier for Stellantis [7]

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed. As he has commented in his previous appearances, Cramer continued to assert that Tesla, Inc. (NASDAQ:TSLA) is not just a car company in this show as well. Like CEO Elon Musk, the CNBC TV host also believes that the firm’s business is now more representative of autonomous driving and robotics. After Tesla, Inc. (NASDAQ:TSLA)’s earnings ...