Multinational taxi service, Uber, presented a full-scale model of a flying car, alongside South Korean manufacturer Hyundai, at the Las Vegas Consumer Electronics Show (CES). It will form part of a fleet of Uber Air Taxis, set to accommodate four passengers each. When operational, the air taxis will be flown by a pilot, but the goal is for the cars to become autonomous over time.
Dan Ives, managing director of equity research at Wedbush Securities, talks about Uber Technologies Inc. and Lyft Inc. Uber reported second-quarter adjusted sales that fell short of estimates and posted a net loss of $5.24 billion, by far the largest ever for the business. Lyft's second-quarter results blew past market estimates and won accolades from Wall Street.
Tom White, D.A. Davidson senior research analyst, discusses Uber Technologies Inc.'s plan to cut about 400 employees. He speaks with Bloomberg's Caroline Hyde and Romaine Bostick on "Bloomberg Markets: The Close." White, his family and his firm do not own shares of Uber.
Uber CEO Dara Khosrowshahi talks about Uber Copter, which can take passengers to New York City airports. He also talks about future transportation options. Khosrowshahi appears on "The David Rubenstein Show: Peer-to-Peer Conversations." The interview was recorded on June 11 at The Economic Club in Washington.