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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.

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

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