Travis Kalanick Transforms CloudKitchens into Atoms with Robotics Focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2026
0mins
Should l Buy UBER?
Source: Newsfilter
- Company Renaming: Travis Kalanick announced the rebranding of City Storage Systems to Atoms, marking a strategic shift from food to mining and transportation, reflecting his commitment to diversification.
- Stealth Operations: Kalanick revealed that Atoms has been operating in stealth for eight years with 'thousands of employees,' indicating a significant foundation in technology development and market readiness.
- Robotics Focus: Atoms is dedicated to creating 'gainfully employed robots' designed to generate value for their owners and society, showcasing Kalanick's forward-thinking approach to future technologies.
- Business Expansion: Atoms segments its operations into three areas: Atoms Food, aimed at enhancing food infrastructure; Atoms Mining, focused on increasing mining productivity; and Atoms Transport, providing a platform for robots, illustrating its strategic positioning across multiple industries.
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Analyst Views on UBER
Wall Street analysts forecast UBER stock price to rise
32 Analyst Rating
28 Buy
3 Hold
1 Sell
Strong Buy
Current: 74.700
Low
72.00
Averages
107.10
High
150.00
Current: 74.700
Low
72.00
Averages
107.10
High
150.00
About UBER
Uber Technologies, Inc. operates a technology platform that uses network and technology to power movement from point A to point B. It develops and operates technology applications supporting a variety of offerings on its platform (platform(s)). Its segments include Mobility, Delivery and Freight. Mobility products connect consumers with drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. Delivery offerings allow consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. In certain markets, the Delivery segment provides offerings for grocery, alcohol, and convenience store delivery as well as select other goods. The Freight segment connects carriers with shippers on its platform, and gives carriers upfront, pricing and the ability to book a shipment. The Freight segment also includes transportation management and other logistics service offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Uber's Growth Potential: Mark Mahaney at Evercore set a target price of $150 for Uber, suggesting a 100% upside from its current price of $75, indicating strong market confidence in its strategic positioning in autonomous driving.
- Strong Earnings Expectations: Analysts project annual earnings growth rates of 21% for Meta and 30% for Uber over the next three years, making their current P/E ratios of 29 and 16, respectively, lower than historical averages, presenting a favorable buying opportunity for investors at current prices.
See More
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- Meta's Ad Growth: Meta Platforms is leveraging AI to drive ad spending, with ad impressions increasing by 12% last year and average ad prices rising by 9%, indicating enhanced competitiveness in the advertising market and potential for future profitability.
- Uber's Autonomous Driving Plans: Uber aims to deploy 100,000 robotaxis by 2027 and is collaborating with Nvidia, positioning itself to become the largest provider of autonomous rides in the U.S. by 2029, which could significantly boost its market share and revenue potential.
- Market Expectations and Valuation: Wall Street anticipates annual earnings growth of 21% for Meta and 30% for Uber, with current P/E ratios of 29 and 16 respectively, highlighting the investment value of both companies, especially driven by advancements in AI and autonomous driving technologies.
See More
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- Financial Performance Warning: SpaceX reported a $5 billion loss in 2025 despite generating $18 billion in revenue, resulting in a price-to-sales (P/S) ratio of 69, while OpenAI's P/S ratio stands at 65, highlighting profitability challenges under high valuations.
- Historical Performance Analysis: Since 2000, nearly 4,000 companies have gone public in the U.S., averaging a 30% gain on their first trading day; however, stocks from large IPOs typically underperform, with median returns of -11% and -26% over three months and one year, respectively, urging caution among investors.
- Investment Strategy Recommendation: Although the IPOs of SpaceX and OpenAI are highly anticipated, historical data suggests that investors buying large IPO stocks on the first day often face poor long-term returns, advising a wait for a more reasonable entry point before investing.
See More
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- IPO Market Outlook: SpaceX and OpenAI are poised to become the largest IPOs in U.S. history, with SpaceX having filed for an IPO expected in Q3 2026, boasting a post-merger valuation of $1.25 trillion, despite posting a $5 billion loss on $18 billion in revenue in 2025, resulting in a high price-to-sales ratio of 69.
- OpenAI Financials: OpenAI has not yet filed for an IPO but could go public as soon as Q4 2026, with a post-money valuation of $852 billion after its latest funding round, and a staggering 225% increase in sales to $13 billion in 2025, although it does not expect to turn a profit until 2030, carrying a price-to-sales multiple of 65.
- Historical Performance Warning: Since 2000, nearly 4,000 companies have gone public, with an average first-day gain of 30%, but large IPOs are particularly susceptible to rapid declines, as evidenced by the median three-month return of -11% for the 10 largest IPOs.
- Caution for Investors: While the IPOs of SpaceX and OpenAI may initially attract significant investor interest, historical trends indicate that many large IPOs underperform in the long term, suggesting that investors should wait for a more favorable entry point to mitigate risks associated with short-term volatility.
See More
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- Stock Price Plunge: Lucid Group's shares have plummeted 99% from their 2021 peak, with a current market cap of $2.6 billion, reflecting a severe lack of investor confidence, particularly as the Saudi Public Investment Fund holds over 60% of the equity and faces significant losses.
- Revenue Growth Struggles: Despite a remarkable 123% year-over-year revenue increase to $522.7 million in Q4, driven by the launch of the Gravity SUV, Lucid's operating losses ballooned by 45% to $1.06 billion, indicating substantial challenges in achieving profitability.
- Shifting Market Demand: Rising oil prices due to the Iran conflict have led to a 53% increase in oil futures, while EV registrations surged 51% in the EU and inquiries in the U.S. rose by 28%, suggesting a growing consumer interest in electric vehicles that could boost Lucid's market demand.
- Potential Lifelines: With Saudi Arabia and Uber planning to invest an additional $200 million into Lucid for their robotaxi partnership, this support could help the company increase production volumes and improve margins, despite facing a cash flow crisis that necessitates careful management of investor commitments.
See More
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- Stock Price Collapse: Lucid's stock has plummeted 99% from its 2021 peak, reducing its market cap to $2.6 billion and causing significant losses for major investors like the Saudi Public Investment Fund, highlighting severe concerns about its future profitability.
- Revenue Surge: Despite a remarkable 123% year-over-year revenue increase to $522.7 million in Q4, driven by the launch of the new midsize SUV Gravity, the company reported an alarming operating loss of $1.06 billion, indicating a fragile profitability model.
- Market Opportunity: The ongoing conflict in Iran has pushed oil prices up by 20%, leading to a notable increase in consumer interest in electric vehicles, with EV registrations in 15 EU countries rising 51% year-over-year and inquiries in the U.S. up 28%, presenting potential growth avenues for Lucid.
- Financial Backing: Continued support from the Saudi government and Uber's plan to invest an additional $200 million provide a lifeline for Lucid, although the company must manage its cash burn effectively to avoid further financial distress.
See More
