Uber Invests in Former CEO Travis Kalanick's New Venture Atoms
Tesla has revised its production timelines for several key products including the Cybercab and Megapack 3. The company also reported a decline in paid robotaxi miles, with second-quarter data showing a 36% drop compared to the first quarter of 2026. Elon Musk explained that Tesla needs additional driving data specific to the Cybercab before large-scale deployment can begin. Meanwhile, Travis Kalanick, Uber's former CEO who resigned in 2017 amid internal turmoil and legal issues, has returned with a new venture called Atoms. The company recently secured $1.7 billion in funding led by Andreessen Horowitz, with participation from Bain Capital, Fifth Wall, and notably, Uber itself investing $100 million into the firm. This investment marks an unusual return for Kalanick to the mobility sector he once helped shape but left under controversy.
Topics: AI in transportation Cybercab development robotaxi Tesla earnings