Uber’s stock fell due to lower profit forecasts, missing analyst estimates. New CFO Balaji Krishnamurthy was named to replace Prashanth Mahendra-Rajah. CEO Dara Khosrowshahi’s positive comments helped stock rebound. Uber announced upcoming markets like Houston and Madrid. Partnerships with Lucid and Joby Aviation for robotaxis and helicopters were also revealed. Uber’s hybrid network combines robotaxis with human-driven vehicles, offering more flexibility than competitors like Waymo. The company’s delivery and freight services give it a structural advantage in utilization rates.

Read more at Yahoo Finance: Uber stock down on outlook miss; CEO sees robotaxi rollout as ‘multitrillion-dollar’ opportunity