Bookings grew 20.3% and delivery strengthened, but ride growth slowed to 17.5% as fuel costs and driver shortages limited supply. These competing results leave Uber's outlook without a clear change.
Strong delivery and bookings show customers are still using Uber's services. But ride growth slowed as higher fuel costs and limited driver supply hurt trips in several countries. Uber plans more driver incentives, which may lower the share it keeps from rides. These facts leave the report without a clear direction.
The story says Tesla is scaling its driverless car count, but gives no Tesla results or expected business change. It does not change Tesla's outlook.
The story says Waymo, an Alphabet subsidiary, is scaling its driverless car count, but gives no Alphabet results or expected business change. It does not change Alphabet's outlook.
DoorDash is mentioned as a competitor in a large food delivery market, but the story gives no DoorDash results or expected business change. It does not change DoorDash's outlook.
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