# Uber Shares Fall After More Than $10 Billion Robotaxi Plan

2026-08-06T11:45:58+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Uber shares fell 4.8% after the company forecast third-quarter adjusted earnings per share of $0.84 to $0.88. That was below analysts’ expectation of $0.89. Uber plans to spend more than $10 billion over coming years on robotaxi expansion, including equity investments, vehicle fleets and partner support. It aims to operate services in at least 15 cities this year. Second-quarter gross bookings rose 24% year on year to $58.02 billion, while cash flow reached $2.8 billion. Revenue included a $1.1 billion accounting impact linked to UK law. Partners include Waymo, Zoox, Rivian, Lucid and Wayve. Investors remain concerned about the scale of the commitments.

## Coverage

- hindustantimes.com <https://www.hindustantimes.com/business/uber-stock-fall-4-8-as-company-plans-10-billion-robotaxi-push-across-15-cities-101785943454728.html>

Tags: business, markets, robotaxis, technology, Uber
Canonical: https://indianopinion.org/uber-shares-fall-after-more-than-10-billion-robotaxi-plan/
License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources.
Cite: https://indianopinion.org/uber-shares-fall-after-more-than-10-billion-robotaxi-plan/#story-in-brief

Review state: restored archive article, accurate at time of publication, not offered to search indexes.