Shares of Uber Technologies fell 1.8% in the latest trading session, underperforming the S&P 500’s 0.5% decline. Trading volume reached 35 million shares, 20% above its 30-day average, suggesting increased investor activity. Analysts attribute the pullback to rising concerns over slowing ride-hailing growth in North America, where trip volume in Q3 grew just 4% year-over-year compared with 7% in the prior quarter.

Uber-backed autonomous driving startup Waabi announced a $1 billion financing round led by existing investors. The company plans to leverage Uber’s ride-hailing network to pilot robotaxi fleets in three U.S. metropolitan areas by late 2025. Waabi CEO Raquel Urtasun emphasized that the funding will expand its technology stack from long-haul trucking to urban mobility, projecting a 15% reduction in per-ride costs through improved AI mapping and sensor fusion.

Uber forecasts 19% year-over-year revenue growth in Q4, driven by strength in delivery and freight segments. Management cites double-digit bookings gains in its Eats unit and a 12% uplift in average take rates. However, escalating import tariffs on electric vehicles and renewed competition from Lyft and DoorDash pose headwinds. UBS and Morgan Stanley both note that macroeconomic weakness and consumer spending pressures could dampen demand for non-essential rides.

The deployment timeline for Uber’s advanced driver-assistance platform continues to face scrutiny after a delay in its Las Vegas robotaxi pilot. With only 20 vehicles active in limited zones to date, investors are closely watching regulatory approvals and insurance terms. Consensus estimates suggest a profitable autonomous segment by 2030, but only if Waabi and Uber can scale operations while keeping per-mile costs below $1.50.