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 Technologies Inc. (NYSE:UBER) CEO Dara Khosrowshahi said Tesla Inc.'s (NASDAQ: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 (NASDAQ:GOOG) (NASDAQ: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. (NASDAQ: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. (NASDAQ: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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