UBER · Earnings call · 2026Q3T · Full report

Autonomous Vehicle Competition

Uber Technologies, Inc · 2026-11-04 · Importance 52 · Surprise 56

Management described Uber’s network as having a durable utilization advantage for autonomous-vehicle partners, citing a 30% utilization premium compared with vehicles not on its network. In newly launched markets, it said Waymo and Tesla were seeing trips per vehicle per day in the low teens, versus high twenties for Uber’s hybrid deployments. Uber also expects scale to support better vehicle pricing and shared charging, maintenance, and fleet infrastructure across EV partners. Its stated objective is for AV trips to reach margins comparable to human-driven trips and eventually use savings to expand demand.

Key facts

• Uber said its network deployments in hybrid U.S. markets have high-twenties trips per vehicle per day, compared with low-teens trips per vehicle per day for Waymo and Tesla in their new markets launched in 2026.