The ride-share service who wants to be known for a whole lot more — more on that in a moment — is partnering with Hertz to get 50,000 Uber drivers in a Tesla by 2023.
What it means for riders: If you're feeling green… riders will be able to request “Uber Comfort Electric” category.
What it means for drivers: VP of Product, Sachin Kansal says they are rolling out an in-app EV-hub with cost of ownership comparisons, and charging maps, as well as discounts and offers to encourage more drivers to go electric. Their goal is to get every Uber driver in North American and Europe in an electric vehicle by 2030.
Beyond ride-share: Uber keeps trying to branch out beyond the ride-sharing service that it's become a verb for. At the company's second annual, product-focused Go/Get event, Uber announced a bunch of new features focused primarily on expanding its offerings in both the travel and delivery categories.
- UberTravel: an integration with Gmail that can pull details out of your inbox like hotel, flight and restaurant reservations and group it together in the Uber app. When you schedule rides to any of these, Uber will give 10 percent back in Uber Cash. Uber Travel is live now in the US and will be available in Canada within a few weeks.
- Uber Charter: Your Party Bus dreams fulfilled by Uber. Coming to “select cities” starting this summer.
- Uber Eats at Stadiums: Order from your seat at the game and skip the lines (only thing better would be if someone would bring the food to your seat). This new program is initially rolling out at Dodger Stadium and Angel Stadium in LA, Yankee Stadium in New York, the Capitol One Arena in Washington, DC, Minute Maid Park in Houston, PayPal Park in San Jose, and internationally at Roazhon Park in Rennes, France.
- Uber Vouchers: For when you are feeling generous and want to pay for all your guests transportation and food during an event. Previously only available for businesses, but now anyone can use the voucher system.
The bottom line: Uber is bouncing back from the pandemic faster than its competitor Lyft in part because of the diversification of its business model.
Here's my play on $UBER with 83% of coming out on top:
Buy 1 $22.50 C, Sell 1 $25.00 C, Sell 1 $12.50 P, Sell 1 $17.50 Put
Exp 11/18/2022
This credit spread should make up to 16% (32.77% annualized) with a cushion of 27% ($17.72 breakeven)
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