Investors are tired of Uber losing money on self-driving cars

Uber self-driving cars vs Waymo

Uber's self-driving car has been touted as the thing that's going to eventually take the ride-sharing company out of the red and into the cheap, ubiquitous mass-transit future that it's been promising.

Unfortunately, Uber's self-driving car program has also been the subject of a high-profile court case, been kicked out of San Francisco, and killed a pedestrian in Arizona thanks to something that sure looks like corporate negligance. Investors, probably tired of the bad PR but certainly tired of the $125 million the self-driving program loses every quarter, have now suggested to Uber that it should divest the self-driving car division before things get worse.

Continue reading...

BGR Top Deals:

  1. $25 is all it takes to get a mosquito repellent that actually works
  2. $64 device adds a backup camera to your car without running any video wires

Trending Right Now:

  1. Everyone who died in ‘Infinity War’ and everyone confirmed to come back to life in ‘Avengers 4’
  2. California’s massive wildfires are pushing carbon monoxide across the country
  3. Apple may have found a brilliant way to bring fingerprint sensors back to all-screen iPhones

Investors are tired of Uber losing money on self-driving cars originally appeared on BGR.com on Wed, 15 Aug 2018 at 21:01:40 EDT. Please see our terms for use of feeds.

Post Tagged with , ,

Comments are closed.