UBER CEO Targets 700 Fully Driverless Vehicles By Year-End, Over 2,000 By 2027 – Sees Q4 EPS Between $0.95 And $0.99

What happened

Uber CEO Dara Khosrowshahi said the company expects about 700 fully driverless vehicles on its platform by year-end and more than 2,000 in 2027. He described a shift toward commercial deployment, cited a $10 billion investment commitment in autonomous vehicles, and said the business currently earns less than human-driven rides.

Confirmed

Global impact / market context

Scaling driverless rides could eventually add trips and revenue to Uber’s platform, but the article says autonomous rides now generate lower profits than human-driven rides. Reaching comparable profit per ride would therefore depend on execution and time, while the stated investment commitment represents spending before that outcome is achieved.

Analyst inference

The article reports stronger-than-expected third-quarter revenue and gross bookings growth, alongside earnings per share below consensus estimates. That mixed operating picture places the driverless expansion beside Uber’s existing ride business: its scale-up may offer future growth, but currently lower profits could weigh on the economics of expansion.

Analyst inference

What to watch

1. Whether Uber reaches about 700 fully driverless vehicles by year-end and exceeds 2,000 in 2027, as Khosrowshahi said the company expects. Analyst inference
2. Whether Uber’s autonomous rides become as profitable as human-driven rides; the CEO said reaching comparable profitability would take time. Analyst inference
3. How the $10 billion autonomous-vehicle investment commitment is deployed through partnerships, and whether the expanding service improves revenue and profit per ride. Analyst inference

Evidence

• stocktwits.com