The company had made an expensive bet on robot taxis, but the project was laden with legal problems and burning through cash. So Uber gave it away to another startup.
Uber had approximately $6 billion of cash and approximately $9 billion of debt on its balance sheet of which $500 million is near-term debt tied to the partial redemption of 2027 senior notes. The ...
Tesla Inc. will launch “unsupervised, self-driving” Cybercabs as a paid service in Austin this June, owner Elon Musk announced in a recent stakeholder call. “Teslas will be in the wild,” Musk said ...