Investing.com — Uber Technologies (NYSE: UBER) shares skidded 4% on Friday, with losses accelerating in the final hour of trading following a revealing Financial Times report that Alphabet’s Waymo is eyeing the exit ramp on their alliance.
According to the report, the self-driving car company is holding internal discussions about terminating its current agreements with the ride-hailing giant, which presently include joint operations in Austin and Atlanta.
The Breakdown
Uber has confirmed the friction, stating in a release that Waymo has officially notified them of plans to enter the Austin and Atlanta markets independently by January 2028—the moment their current contract permits the move.
Since teaming up in 2023, the relationship has rapidly deteriorated as the two tech heavyweights increasingly cross into each other’s lanes as direct competitors.
The tension isn’t just on the streets; it’s in the statehouses. The Financial Times notes that both companies are actively lobbying for robotaxi legislation engineered to benefit their own business models at the expense of the other.
This potential uncoupling signals a seismic shift in the autonomous vehicle landscape. Uber has heavily leaned on a network of self-driving technology providers to expand its robotaxi footprint. If Waymo officially pulls the plug, it forces Uber to rethink its autonomous roadmap while setting the stage for a fierce, head-to-head robotaxi turf war.
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