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Uber, Motional Launch Las Vegas Service: Robotaxi Space Heating Up?
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Key Takeaways
Uber and Motional launch Las Vegas robotaxi service using Hyundai Ioniq 5 at select Strip and downtown spots.
Uber riders requesting select tiers may be matched with a robotaxi at no extra cost, with opt-in via the app.
UBER's global AV push includes partnerships with Waymo in the U.S. and WeRide.
In line with its efforts to expand in the lucrative self-driving vehicle market, Uber Technologies (UBER - Free Report) and Hyundai Motor Group-backed Motional launched a new robotaxi service in Las Vegas. The robotaxi service has been launched using the Hyundai Ioniq 5.
At launch, the service will be offered at select locations along Las Vegas Boulevard. These include rideshare pickup areas at Resorts World Las Vegas and Encore at Wynn Las Vegas, as well as Westgate Las Vegas Resort & Casino. Service will also be available curbside in Downtown Las Vegas and across the Town Square shopping district near the airport, with plans to gradually expand coverage.
Passengers requesting UberX, Uber Electric, Uber Comfort or Uber Comfort Electric may be paired with a Motional robotaxi at no extra charge. If matched, riders will receive a notification and can choose either to accept the robotaxi or switch to a traditional ride. As soon as the robotaxi arrives, riders can unlock the vehicle and begin their journey directly through the Uber app. Once inside, audio prompts will remind passengers to close the doors and fasten their seat belts.
The IONIQ 5 robotaxi, specifically designed for ride-hailing and built for dependable driverless performance, is the result of collaboration between Motional and Hyundai Motor Group. It is among the first SAE Level 4 autonomous vehicles to receive certification under the U.S. Federal Motor Vehicle Safety Standards. In the initial phase, each Motional robotaxi will include a safety operator seated behind the wheel to monitor road conditions. A fully driverless version — without any human operator — is expected to be introduced by the end of the year.
In the United States, Uber already provides robotaxi access in cities like Austin, Phoenix, Dallas and Atlanta via Alphabet’s (GOOGL - Free Report) Waymo network. Alphabet’s Waymo is a force to be reckoned with in the evolving and lucrative space. Through its Waymo arm, Alphabet already has commercial operations in several cities across the United States.
Uber’s AV ambitions are gaining real-world traction through scalable, cross-market deployments. While macro risks and regulatory scrutiny remain, Uber’s ability to scale both core businesses (mobility and delivery) and emerging automation initiatives positions it well for long-term growth. Uber is focused on unlocking growth in suburban and low-density markets.
The company teamed up with the Chinese company, WeRide (WRD - Free Report) , late last year, to launch robotaxi passenger rides in Dubai on its app. The companies partnered with the country’s Roads and Transport Authority to launch the Dubai robotaxi service. Following the launch, WeRide robotaxis are accessible through the Uber app in areas like Umm Suqeim and Jumeirah, two of Dubai’s most popular tourist districts near public beaches. Uber and WeRide’s robotaxi launch in Dubai came soon after the launch in another UAE city, Abu Dhabi.
UBER’s Share Price Performance, Valuation and Estimates
Shares of UBER have declined in double digits over the past six months. Courtesy of the downbeat performance, UBER’s shares have underperformed the Zacks Internet-Services industry over the same time frame.
6- Month Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.57X. UBER is inexpensive compared with its industry.
The Zacks Consensus Estimate for full-year 2026 and 2027 has been declining in the past 60 days.
View the Zacks #1 Rank List
Image: Bigstock
Uber, Motional Launch Las Vegas Service: Robotaxi Space Heating Up?
Key Takeaways
In line with its efforts to expand in the lucrative self-driving vehicle market, Uber Technologies (UBER - Free Report) and Hyundai Motor Group-backed Motional launched a new robotaxi service in Las Vegas. The robotaxi service has been launched using the Hyundai Ioniq 5.
At launch, the service will be offered at select locations along Las Vegas Boulevard. These include rideshare pickup areas at Resorts World Las Vegas and Encore at Wynn Las Vegas, as well as Westgate Las Vegas Resort & Casino. Service will also be available curbside in Downtown Las Vegas and across the Town Square shopping district near the airport, with plans to gradually expand coverage.
Passengers requesting UberX, Uber Electric, Uber Comfort or Uber Comfort Electric may be paired with a Motional robotaxi at no extra charge. If matched, riders will receive a notification and can choose either to accept the robotaxi or switch to a traditional ride. As soon as the robotaxi arrives, riders can unlock the vehicle and begin their journey directly through the Uber app. Once inside, audio prompts will remind passengers to close the doors and fasten their seat belts.
The IONIQ 5 robotaxi, specifically designed for ride-hailing and built for dependable driverless performance, is the result of collaboration between Motional and Hyundai Motor Group. It is among the first SAE Level 4 autonomous vehicles to receive certification under the U.S. Federal Motor Vehicle Safety Standards. In the initial phase, each Motional robotaxi will include a safety operator seated behind the wheel to monitor road conditions. A fully driverless version — without any human operator — is expected to be introduced by the end of the year.
In the United States, Uber already provides robotaxi access in cities like Austin, Phoenix, Dallas and Atlanta via Alphabet’s (GOOGL - Free Report) Waymo network. Alphabet’s Waymo is a force to be reckoned with in the evolving and lucrative space. Through its Waymo arm, Alphabet already has commercial operations in several cities across the United States.
Uber’s AV ambitions are gaining real-world traction through scalable, cross-market deployments. While macro risks and regulatory scrutiny remain, Uber’s ability to scale both core businesses (mobility and delivery) and emerging automation initiatives positions it well for long-term growth. Uber is focused on unlocking growth in suburban and low-density markets.
The company teamed up with the Chinese company, WeRide (WRD - Free Report) , late last year, to launch robotaxi passenger rides in Dubai on its app. The companies partnered with the country’s Roads and Transport Authority to launch the Dubai robotaxi service. Following the launch, WeRide robotaxis are accessible through the Uber app in areas like Umm Suqeim and Jumeirah, two of Dubai’s most popular tourist districts near public beaches. Uber and WeRide’s robotaxi launch in Dubai came soon after the launch in another UAE city, Abu Dhabi.
UBER’s Share Price Performance, Valuation and Estimates
Shares of UBER have declined in double digits over the past six months. Courtesy of the downbeat performance, UBER’s shares have underperformed the Zacks Internet-Services industry over the same time frame.
6- Month Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.57X. UBER is inexpensive compared with its industry.
The Zacks Consensus Estimate for full-year 2026 and 2027 has been declining in the past 60 days.
UBER's Zacks Rank
UBER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.