Uber

According to a report today from The Wall Street Journal, GM and Lyft are partnering to test a fleet of self-driving electric taxis sometime within the next year in an undisclosed city. The pilot will reportedly take advantage of GM’s Chevrolet Bolt, a speedy compact crossover all-electric that we took for a test drive earlier this year…

Expand
Expanding
Close

Google joins Uber, Ford, Volvo and Lyft in forming a Self-Driving Coalition for Safer Streets to promote self driving car regulations on a federal level versus state by state level. Google has been battling the California DMV who have proposed to ban Google’s Koala car that does not have a steering wheel or pedals and would not require a licensed driver.

Expand
Expanding
Close

Last year, famous Silicon Valley venture capitalist and early Tesla investor Steve Juvertson recalled a conversation he had with Uber CEO Travis Kalanick:

Travis recently told me that in 2020, if Telsas are autonomous, he’d want to buy all of them. He said all 500,000 of estimated 2020 production, I’d want them all, but he couldn’t get a return call from Elon.

Well apparently Kalanick couldn’t wait any longer and reportedly already placed an order for 100,000 autonomous Mercedes S-Class sedans, according to sources inside Daimler and Uber talking to German magazine Manager Magazin. 
Expand
Expanding
Close

It’s no secret that Uber wants to develop its own self-driving car technology, but much like Google, it isn’t clear if the company only wants to develop the technology to be implemented in existing vehicles or go all the way and develop its own car. The ride-sharing company’s latest hire suggest it could be the latter.

We learned that earlier this month, Uber hired veteran automotive designer Richard Donnelly for the role of “Senior Designer” at the company’s Advanced Technology Center.
Expand
Expanding
Close

Adam Jonas, a Managing Director at Morgan Stanley covering Tesla Motors and the automotive industry, is nothing if not persistent. During Tesla’s recent conference call to discuss third quarter financial results, the analyst again asked Tesla CEO Elon Musk about the possibility for the company to join the likes of Uber and Lyft in the ride-sharing industry.

Jonas first brought up the idea at Tesla’s last quarterly conference call after comments made by Tesla board member Steve Juvertson about Uber CEO Travis Kalanick potentially wanting to buy 500,000 autonomous Teslas by the end of the decade. First time around earlier this year, Jonas got a firm “no comment” from Musk, but nonetheless the CEO called his question “insightful” at the time. The second time around during this week’s call, Jonas pushed the question again and although Musk’s first reaction was not to comment, which is rare for the CEO, he implied that an announcement could be coming.
Expand
Expanding
Close

During yesterday’s conference call about Tesla’s second quarter financial results, Elon Musk refused to answer a question from a financial analyst about Travis Kalanick’s, Uber’s CEO, recent comments that his company would buy 500,000 Teslas in 2020 if they are equipped with Tesla’s self-driving technology by the end of the decade.

The short conversation was very revealing. Here it is in full:
Expand
Expanding
Close