Uber Technologies Inc. ($uber) is making significant strides in its autonomous vehicle strategy by deepening its partnership with Pony.ai to deploy over 2,000 robotaxis across Europe, with plans to extend this initiative into the Middle East. Building on their initial commercial rollout in Zagreb, Croatia, the expanded effort will add four more European cities, leveraging Pony.ai’s Level 4 autonomous driving technology while Uber provides the customer-facing platform for booking and payments. This move positions Uber to compete aggressively in the fast-evolving robotaxi market, where rivals like Waymo and Baidu are also scaling up. The collaboration relies on local fleet operators to manage daily operations, allowing Uber to focus on platform integration rather than developing self-driving tech in-house.
Meanwhile, Uber’s stock has drawn attention from major investors such as Bill Ackman’s Pershing Square, which holds a sizable $2.47 billion stake, signaling confidence in Uber’s long-term prospects. However, some investors remain cautious; Polen Capital recently exited its Uber position, citing concerns about the disruptive risks posed by autonomous driving and preferring to allocate capital toward AI infrastructure plays. Despite this, Uber’s shares have delivered a strong 90% gain over five years and currently trade at a price-to-earnings ratio of about 16.2x, which is below industry peers and suggests the stock may still be undervalued relative to its fundamentals. The company’s ongoing investments in autonomous vehicles and the pending acquisition of Delivery Hero add complexity to its valuation, as investors weigh execution risks against growth potential.
As of the market close on August 14, 2026, Uber shares edged up about 1% to $75.88 in after-hours trading, reflecting cautious optimism amid these developments. With the market closed for the weekend, investors will be watching closely when trading resumes Monday morning at 9:30 AM ET to see how Uber’s robotaxi expansion and portfolio interest influence sentiment.
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