Project
Baidu's robotaxi unit, which began open-road testing in London, launched fully driverless commercial rides in Dubai, won Hong Kong's first driverless testing permits, and tested in Switzerland.
Uber and Pony.ai will start testing Pony.ai's Gen-7 robotaxis in London within weeks as part of a push to put 2,000 robotaxis on European roads. TechCrunch reported that the partners have not yet said who will own and operate the London fleet, and that decides who pays for the cars.
Reality
JPMorgan lifted its Tesla price target from $145 to $475 while moving the stock only to neutral. Its $320 billion robotaxi projection for 2035 runs almost entirely through cars Tesla builds and owns itself.
Reality
Standard UberX and Uber Comfort riders in two Dubai districts can now be matched with an empty Baidu Apollo Go car. The "Autonomous" button raises the odds; it is not the gate.
Reality
Revenue fell for a fifth straight quarter because a 19 percent ad decline on a bigger base beats 25 percent AI growth on a smaller one. Capex tripled meanwhile.
Reality
Second-quarter revenue fell 4% to 31.3 billion yuan as a 19% drop in online marketing outran a 2.5 billion yuan gain in AI. This is the subtraction every incumbent faces.
Reality