Uber Invests in Former CEO Travis Kalanick's New Venture Amid Tesla Robotaxi Setbacks
Tesla has revised its production timelines for the Cybercab, Tesla Semi, and Megapack 3 to a later-than-expected 2026. The company also reported a decline in paid robotaxi miles from Q1 to Q2 of this year—dropping by about 36%—raising concerns among investors. Elon Musk explained that the Cybercab requires specific driving data collected using retrofitted vehicles, indicating a misalignment between existing fleet data and new vehicle models. Meanwhile, Travis Kalanick has returned with his venture Atoms after stepping down from Uber nearly a decade ago amid scandals. Andreessen Horowitz led an investment round in Atoms that totaled $1.7 billion, including a $100 million contribution from Uber itself—despite the company's past legal and ethical issues involving Kalanick and Anthony Levandowski.
Topics: AI in Transportation Cybercab Production Robotaxi Performance Tesla Earnings