Uber CEO Dara Khosrowshahi: We are totally committed to the electrification of our fleets

Uber CEO Dara Khosrowshahi joins 'Squawk Box' to discuss the company's EV push, whether the company's zero-emission goal is at risk, the EV market at large, the acquisition and subsequent closure of Drizly, impact of AI, and more.

[@vshah1010]

The drivers pay for the cars, not UBER. You're going to make drivers buy expensive vehicles and don't pay them much.

[@jgmusic81]

Yeh, pretty disgusting business model😤

[@michellejones8144]

He needs to raise drivers pay…Uber charges a passenger $92 during a storm and driver only got $20. No matter how much Uber charges the passenger even during surge period, Uber makes sure that drivers only get a measly $20 per hour even if the passengers paid $250.00 within the same hour. The greed on Ubers part is too much. It’s such a shame!!

[@RAmmerROC]

They went public so now it's all about shareholders & market cap. Drivers now just slave labor.

[@vin-deedwards5826]

Facts I drive in DFW and the Tesla is a waste of time. Tell him shut up.

[@Smirnoff316]

If all drivers quit until there was change it would happen quick but people arent willing to miss bill and rent payments to do it the CEO of Uber has his drivers by the balls and hes totally ok with it and doesn't care.

[@michellejones8144]

@@Smirnoff316 some people really can’t, their bills won’t get paid especially if they have no other source of income.

[@Iletmeknow]

Exact situation in london. And I’m quitting Uber for good the worst job in the world. And this thief is talking how to make more money out of the drivers because they get good commission from main dealers basically he is talking about how to inflate his bank balance that’s all he cares

[@hassanshahbazi8490]

This guy Dara destroyed the families of tens of thousands of drivers

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@StreamingFrames]

Hello, I can understand $18 an hour minimum wage, had Uber supplied THE CAR (their car to driver), gas, maintenance, insurance & etc, etc. This shows Uber, Lyft, Door Dash don't care about car or driver work time. Uber, Lyft, Door Dash should & must pay drivers for their time separately, & pay separate dollar amount for miles/Km driven. E.g. minimum $1.70 per mile ( 1 Euro per Km) & for the drivers time, $ 0.55 cents per minute (0.55 cents Euros per minute). And should run like old taxy cab meter or stop watch on the app of driver & rider. Drivers don't need BS surge, if this old system comes back. If Uber/Lyft/Door Dash don't comes with this, someone should start a new app ASAP & publish it on Apple's app store & Google's play store, that's the only way destroy these scum of the earth companies. And by the way, Uber/Lyft/Door Dash's cut should not be between 20% to 80% of what the customer (or rider) pays, their cut should be maximum 1%. In that way, if a driver earns/makes $2,000 dollars per week, then those scum company makes $20 per pay week. Lets assume driver makes again 2,000 per week for next 3 weeks of the month, that means, the scum companies make $80 dollars from just one driver for a month. That's way more what Netflix ($15.49) charges from one consumer, or what Spotify makes from 1 consumer ($10.99), Apple TV+ charges ($9.99), KZbin Premium $13.99⁠/⁠month, & what Amazon charges for Prime per month ($14.99). Now you see how these scum of the Earth--Uber/Lyft/DD companies are ripping off the drivers...no need more explanation any more. Where's all this money going, these companies are bullshitting telling everyone that they need more money than Amazon, Apple, Google etc & telling us they are losing money,...BS. If a driver earned $100 then these scum companies pocketed minimum $200 with the current system, & they didn't give a damn about how many miles were driven or how much time driver had to work paying about $0.13 cents per minute. This modern day slavery in the richest country in the world has to stop, & pretty sure it's same in other countries where scum-Uber is operating. Someone, please build an opensource app & let's bankrupt these companies ASAP.

[@StreamingFrames]

Drivers, Door Dash, Uber, Lyft or any Gig app should stop talking about paying/getting hourly pay; unless the vehicle is provided by a Gig app & gas/petrol, maintenance, insurance, etc etc is paid by Uber, Door Dash, Lyft, Roadie etc etc only. So stop bringing the hourly wage to conversation when the vehicle is by an independent contractor. The vehicle should be compensated seperately & the driver should be compensated seperately. Gig apps should pay the independent contractor (the driver) $1.70 per mile for the vehicle (or 1 Euro per Km) & at least $0.55 cents (Euros) PER MINUTE for driver's effort. And those rates should run like a stopwatch on the phones on every second & miles driven, separately like a old taxy cab meter. Obviously for drivers of New York, California, Boston the rates I suggested should be higher. E.g. per mile $1.90 & per minute $0.80 at least in this inflation, because it's not 2016 now everywhere else other than for Gig workers.

[@StreamingFrames]

I can understand $18 an hour minimum wage, had Uber supplied THE CAR (their car to driver), gas, maintenance, insurance & etc, etc. This shows Uber, Lyft, Door Dash don't care about car or driver work time. Uber, Lyft, Door Dash should & must pay drivers for their time separately, & pay separate dollar amount for miles/Km driven. E.g. minimum $1.70 per mile ( 1 Euro per Km) & for the drivers time, $ 0.55 cents per minute (0.55 cents Euros per minute). And should run like old taxy cab meter or stop watch on the app of driver & rider. Drivers don't need BS surge, if this old system comes back. If Uber/Lyft/Door Dash don't comes with this, someone should start a new app ASAP & publish it on Apple's app store & Google's play store, that's the only way destroy these scum of the earth companies. And by the way, Uber/Lyft/Door Dash's cut should not be between 20% to 80% of what the customer (or rider) pays, their cut should be maximum 1%. In that way, if a driver earns/makes $2,000 dollars per week, then those scum company makes $20 per pay week. Lets assume driver makes again 2,000 per week for next 3 weeks of the month, that means, the scum companies make $80 dollars from just one driver for a month. That's way more what Netflix ($15.49) charges from one consumer, or what Spotify makes from 1 consumer ($10.99), Apple TV+ charges ($9.99), KZbin Premium $13.99⁠/⁠month, & what Amazon charges for Prime per month ($14.99). Now you see how these scum of the Earth--Uber/Lyft/DD companies are ripping off the drivers...no need more explanation any more. Where's all this money going, these companies are bullshitting telling everyone that they need more money than Amazon, Apple, Google etc & telling us they are losing money,...BS. If a driver earned $100 then these scum companies pocketed minimum $200 with the current system, & they didn't give a damn about how many miles were driven or how much time driver had to work paying about $0.13 cents per minute. This modern day slavery in the richest country in the world has to stop, & pretty sure it's same in other countries where scum-Uber is operating. Someone, please build an opensource app & let's bankrupt these companies ASAP.

[@lindataylor6458]

Drivers have committed suicide because they can't pay there bills anymore no money to pay rent living in their cars until the cars get taken for non payments ridiculous what uber has done ton millions of American people steeling drivers tips sending out 3$calls unbelievable this guy is any where except in hiding shame on him looser

[@bobe2933]

when I work a 12 hour day, at a minimum and only gross $175, this is a problem, Dara. When I pay $8,000 for a new transmission and get sent $3.70 offers all day after 5 years of working for your company, going on almost 20,000 rides, 5 star rated, and I can't make a net profit of at least $130 after fuel during my dayshift, this is a problem, Dara. Dara, you now want me to switch to a electric vehicle? Do you have any idea what I am thinking about you right now, sitting in Davos, fantasizing about the electrification of YOUR fleet, while I struggle to make the job that I used to love work financially? I am running your show, buddy. We all are doing the dirty labor, taking on the majority of the fees and risks and you aren't paying us. I ask riders, every single trip about what they pay and do the math. In 2023 and 2024, so far I grade you a F on what you pay your full time employees and experienced labor. It is truly pathetic. It is DEMORALIZING at this point. Not expecting miracles, all I can do is hope for change, but I am searching for a exit.

[@1972ardy]

​@Indikaa well put..they are absolute scum...but like it or not..this one in particular and doordash in food have critical mass. All the money spent thus far has gotten them here. It's no accident the start of the upfront fare /algo/AI/machine learning/profiling coincided with the bottom of the stock which has close to tripled since. It's payback time as far as they see it. Time for the shareholders to maximize their take, drivers/operators be damned. Also he and his executive team are lining their pockets as fast as possible during this golden time. They've spent tons of money on lobbying and Tony West, the Chief Legal Officer is Kamala Harris' brother in law... not a coincidence. They have friends in high places that should all be ashamed of themselves. Collectively they all allow this to go on. Like u said they should never ever allow a company like this to take any more than a few percent max on such a high volume product. They are just a tech app. Yet they are grabbing 30, 40, upwards of 60 to 70% of the fare or food delivery fee. On top of it all, on the food side they have all these fees and yet for that food to get delivered they have the audacity to keep all the fees and dump the onus to pay the driver on the 'customer tip', without which very few drivers would take the job at all. It's a house of cards that survives on the their ability to deflect any potential legislative attempt to come at them and the endless supply of desperate drivers looking to pay their rent or next drug fix (why they offer same day cash out (for a fee of course) so they can cash out after making 30 or 40 bucks) or illegals who are piggy backing off of their cousins ID and happy to make 10 bucks an hour. It all results in less than min wage when accounting for car costs, dangerous conditions for both riders and the good drivers and a business that's unsustainable at best in the long run. But by then this fraud and his buddies will be sipping boat drinks on the island of their choice.

[@OhioVworld]

Sounds like you hate a free market, and have tied yourself to a simply horrible job. That’s a problem.

[@jurekmartinez]

That's why we are getting UNITED in Miami. That's why we have created the Miami Rideshare Union to stop all this abuse, to offer support to drivers and to provide information to drivers in other states and cities in how to stop the abuse.

[@DoughJones]

There's no such thing in Uber as "our fleet" Dara.

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@cliffbyrum3534]

Why does anyone listen to the Uber CEO’s opinion on electric vehicles? His company brokers rides from point A to point B. The maintenance and upkeep of the vehicles are the responsibility of the independent owners. Uber isn’t paying for gas (or electricity). When Uber has company owned charging infrastructure (like Tesla does), the CEO needs to keep his opinion to himself.

[@pah1921il]

I love how he’s encouraging “his drivers” to covert to EV, I bet he does, it’s not his dime, Uber business model is based on using someone else’s car… his business survives on a massively asset lite model.

[@patrickstagner724]

This guy is a crook. They pay drivers pennies how are we going to afford these cars. A ride in nashville for 3 miles is 3.87

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@angelaharris9892]

Driver pay has been cut so significantly that we can't make ends meet. Yet wants us to go electric. Lol what a joke!

[@classyapartmentsNY]

The biggest scam ever. Drivers pay for everything while i make all the money. 😂

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@StreamingFrames]

Hello, I can understand $18 an hour minimum wage, had Uber supplied THE CAR (their car to driver), gas, maintenance, insurance & etc, etc. This shows Uber, Lyft, Door Dash don't care about car or driver work time. Uber, Lyft, Door Dash should & must pay drivers for their time separately, & pay separate dollar amount for miles/Km driven. E.g. minimum $1.70 per mile ( 1 Euro per Km) & for the drivers time, $ 0.55 cents per minute (0.55 cents Euros per minute). And should run like old taxy cab meter or stop watch on the app of driver & rider. Drivers don't need BS surge, if this old system comes back. If Uber/Lyft/Door Dash don't comes with this, someone should start a new app ASAP & publish it on Apple's app store & Google's play store, that's the only way destroy these scum of the earth companies. And by the way, Uber/Lyft/Door Dash's cut should not be between 20% to 80% of what the customer (or rider) pays, their cut should be maximum 1%. In that way, if a driver earns/makes $2,000 dollars per week, then those scum company makes $20 per pay week. Lets assume driver makes again 2,000 per week for next 3 weeks of the month, that means, the scum companies make $80 dollars from just one driver for a month. That's way more what Netflix ($15.49) charges from one consumer, or what Spotify makes from 1 consumer ($10.99), Apple TV+ charges ($9.99), KZbin Premium $13.99⁠/⁠month, & what Amazon charges for Prime per month ($14.99). Now you see how these scum of the Earth--Uber/Lyft/DD companies are ripping off the drivers...no need more explanation any more. Where's all this money going, these companies are bullshitting telling everyone that they need more money than Amazon, Apple, Google etc & telling us they are losing money,...BS. If a driver earned $100 then these scum companies pocketed minimum $200 with the current system, & they didn't give a damn about how many miles were driven or how much time driver had to work paying about $0.13 cents per minute. This modern day slavery in the richest country in the world has to stop, & pretty sure it's same in other countries where scum-Uber is operating. Someone, please build an opensource app & let's bankrupt these companies ASAP.

[@fresh3992]

This guy has lowered drivers pay, so goddamn bad I refuse to even drive for him

[@William1866]

There's a parking lot of frozen cars in Chicago right now with dead batteries, all huddled around a broken charging station.

[@Bryanbkk]

Thank you for this antidote. Reminds me I saw pictures of a gas stations that had run out of gas and cars lined up.

[@Joshua-zw7jl]

@@Bryanbkk You can still get fuel out of the storage tanks if need be. Good luck with getting power out of a dead grid.

[@William1866]

@@Bryanbkk Yes, during a hurricane, when all the power is out also. Here's another antidote. I waved at the stranded Tesla owners as I drove by in my 1992 Ford Taurus.

[@scottbrumett3477]

@@Joshua-zw7jlwith a dead grid. Our lives will cease to exist….lack of clean water….food and ect.

[@dbibestcorp4269]

Dara, tell people how you ask drivers for honest reviews, and then used against them?

[@StreamingFrames]

Gig apps should pay the independent contractor (the driver) $1.70 per mile for the vehicle (or 1 Euro per Km) & at least $0.55 cents (Euros) PER MINUTE for driver's effort. And those rates should run like a stopwatch on the phones on every second & miles driven, separately like a old taxy cab meter. Drivers, Door Dash, Uber, Lyft or any Gig app should stop talking about paying/getting hourly pay; unless the vehicle is provided by a Gig app & gas/petrol, maintenance, insurance, etc etc is paid by Uber, Door Dash, Lyft, Roadie etc etc only. So stop bringing the hourly wage to conversation when the vehicle is by an independent contractor. The vehicle should be compensated seperately & the driver should be compensated seperately. Obviously for drivers of New York, California, Boston the rates I suggested should be higher. E.g. per mile $1.90 & per minute $0.80 at least in this inflation, because it's not 2016 now everywhere else other than for Gig workers.

[@gigelcostel3130]

Uber with electrification should increase drivers earnings because electric vehicles are more costly to repair, maintenance and much more expensive to buy. Uber is behaving in the ride-sharing side of his business like an land owner with his slaves.

[@vin-deedwards5826]

CNBC if you have an affiliate in the DFW area why don't you send them to the DFW airport parking lot B. And talk to the drivers and hear what they have to say about what's going on with Uber at the present moment I guarantee you wouldn't do it because you're scared of the truth.

[@jessemccabe3566]

This does little more than to prove how out of touch this man is. 1 Uber has no fleet, they have a throng of “independent contractors” who use their personal vehicles to complete rides. 2 Uber does not pay enough to facilitate the purchase of an EV even with the $2,000 insensitive to do so. 3 to think that I can possibly complete a 10 - 12 hour shift on a single charge is hubris or plain ignorance. The average EV has a range of under 300 miles. My 2023 Elantra Hybrid will go 500 before I need fuel and I fill 3x a week. Not to mention I fuel my vehicle in about 5 minutes, in an EV I would be spending a minimum of 30 minutes at a supercharger not earning a dime. Uber has cut driver pay and increased rains to passengers. Perhaps if they paid us slightly more after the pandemic instead of less some of us would make the switch to EV.

[@MiguelOjedaJr]

Roll clip of EV drivers in Chicago winters today. Shout out to Rideshare Professor on YT as I know hes watching clip asking the question, what fleet does Uber own?

[@WFO.]

Dara, Do you own a Tesla?

[@aminasfia2908]

Probably Not

[@MsJimmylau]

He too cheap to own anything. 0.50 coffee guy his mom didn’t teach him not to steal from other belongings

[@erik7747]

DARA is 60 days away from getting a $50,000,000 bonus that was written into there IPO! He has until September to achieve it or he loses it. He has achieved the first 30 days by completely screwing the drivers and lowering our pay drastically while drastically raising the price on the passenger and leaving drivers poorer then they ever have been. 100% FACTS

[@bobe2933]

what page in the SEC filings is this written?

[@erik7747]

It might be an incentive he had when he took over UBER! I am might have misspoke on written into the IPO.@@bobe2933

[@RAmmerROC]

What he needs to do is pay ALL drivers more! Regardless of powertrain driving 200 miles to make $100 is a loss for the operator. BTW $2.50 for an eats delivery??? The riders are paying & Uber used to pay drivers then they went public now they keep 40%-50% or more of what the rider pays. Higher cost means lower tips & often $0 tip.

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@SalamHerbs-db5nt]

Uber pays 50 cents to $2 now on my area for delivery. Not even enough to afford regular oil changes or tires let alone a tesla. 0 emissions by 2030 as part of their fascist corporate / government goal.... we'll see.

[@theodoreolson8529]

Looking at Uber's financial track record I'm skeptical.

[@StreamingFrames]

Hello, I can understand $18 an hour minimum wage, had Uber supplied THE CAR (their car to driver), gas, maintenance, insurance & etc, etc. This shows Uber, Lyft, Door Dash don't care about car or driver work time. Uber, Lyft, Door Dash should & must pay drivers for their time separately, & pay separate dollar amount for miles/Km driven. E.g. minimum $1.70 per mile ( 1 Euro per Km) & for the drivers time, $ 0.55 cents per minute (0.55 cents Euros per minute). And should run like old taxy cab meter or stop watch on the app of driver & rider. Drivers don't need BS surge, if this old system comes back. If Uber/Lyft/Door Dash don't comes with this, someone should start a new app ASAP & publish it on Apple's app store & Google's play store, that's the only way destroy these scum of the earth companies. And by the way, Uber/Lyft/Door Dash's cut should not be between 20% to 80% of what the customer (or rider) pays, their cut should be maximum 1%. In that way, if a driver earns/makes $2,000 dollars per week, then those scum company makes $20 per pay week. Lets assume driver makes again 2,000 per week for next 3 weeks of the month, that means, the scum companies make $80 dollars from just one driver for a month. That's way more what Netflix ($15.49) charges from one consumer, or what Spotify makes from 1 consumer ($10.99), Apple TV+ charges ($9.99), KZbin Premium $13.99⁠/⁠month, & what Amazon charges for Prime per month ($14.99). Now you see how these scum of the Earth--Uber/Lyft/DD companies are ripping off the drivers...no need more explanation any more. Where's all this money going, these companies are bullshitting telling everyone that they need more money than Amazon, Apple, Google etc & telling us they are losing money,...BS. If a driver earned $100 then these scum companies pocketed minimum $200 with the current system, & they didn't give a damn about how many miles were driven or how much time driver had to work paying about $0.13 cents per minute. This modern day slavery in the richest country in the world has to stop, & pretty sure it's same in other countries where scum-Uber is operating. Someone, please build an opensource app & let's bankrupt these companies ASAP.

[@mohanlalit82]

Imagine travelling to Airport & uber driver making pit stop to recharge EV. 😂😂

[@Joshua-zw7jl]

I can't wait to see how this works in Northern Canada. (It was -35° in Alberta last week with rolling blackouts)

[@dunkhead3732]

You can’t pump gas when their is no electricity.

[@Bryanbkk]

Right, Northern Canada issues should concern us all!

[@Joshua-zw7jl]

@@dunkhead3732 Actually you can. It's called a siphon.

[@Joshua-zw7jl]

@@Bryanbkk Well, considering -35 kills in minutes.. you'd think that it would be slightly concerning how a province of 4 million had rolling blackouts in the dead of winter. But based on your comment, I'm sure this is like talking to a wall.

[@michellejones8144]

He needs to raise drivers pay…Uber charges a passenger $92 during a storm and driver only got $20. No matter how much Uber charges the passenger even during surge period, Uber makes sure that drivers only get a measly $20 per hour even if the passengers paid $250.00 within the same hour. The greed on Ubers part is too much. It’s such a shame!!

[@SalamHerbs-db5nt]

Imagine if a multi national multi billion dollar world economic forum corporation said we will pay you far less than minimum wage you'll earn about $5 or less per hour with us but as a requirement we want you to own or purchase a new $100,000 tesla. That's Uber. The entitlement is wild. Desperate drivers work all day and night for uber putting in 100 hours a week and cant even afford some new clothes from walmart.

[@1972ardy]

This clown will be long gone when the Uber downfall inevitably comes. He's the definition of the CEO aiming for short term earnings reports which have shown great progress right about when they went to the upfront pricing model to drivers and food delivery workers, powered by AI, machine learning, and their army of new (many illegal immigrants using relatives id's) drivers. They sliced driver pay in probably half, whilst taking upwards of 60 to 70% of the ever increasing fare paid by the passenger/food customer. On top of that, they dump the onus for the lil extra tip that the customer has to pay especially in the case of food delivery on that said customer...otherwise the food doesn't move... all those fees the customer thinks may go to the driver goes to his pockets. Shareholders yes and also him and his C-suite who make more than 200m per year collectively. It's insanity how they haven't been deemed illegal by Any govt entity yet here we are. Tony West the chief legal officer is Kamala Harris' brother-in-law. Friends in high places, lobbying cash and campaign contributions help with that, while they loot drivers' pockets and the long term viability of Uber. The same Biden admin that goes after credit card fees and charges, bank overdraft charges, has stayed mum on this issue which is 10x more predatory. By the time this fixes itself, maybe due to competition, and maybe where they get regulated to only be able to take a 'fair cut' of the fare (max 10% lets say) since the drivers pay for gas, expenses, and all else, this Clown 🤡 and his clown posse 🤡 🤡 🤡 who has no business being a world leader at Davos will be long gone enjoying their hundreds of millions. The stock by then also will have turned from having tripled recently.

[@michaelcooper9528]

Climate is a team sport?!? Hahaha, ok! Well take one for the “team” and give up your private jet!!

[@MT.Jotnar]

You want to make us do this them pay us more so we can afford it you keep hiring more people making us stay on the clock longer currently I have to be on the clock for 10 hours to use 6 hours of drive time.

[@67005ccain]

Forcification (not a word …yet) Dana offers 2k off a Tesla that cost 50k+ yet most drivers can barely afford a 35k car. You want it Dana then YOU buy it! Besides most live in apartments that can’t just charge at home. Cold messes with mileage, heat. Air and radio cuts into battery time. I have seen people say I spend $400 a week in fuel now only 150 in charge yet I have a true hybrid (not phev) I spend $80 to $90 a week on 150 to 200 trips a week. Also the vehicle was under 30k

[@dean0903]

Uber should stick to running their app not telling the partner drivers what sort of car to drive. Uber is thinking more and more like an employer than a partner.

[@vakobako]

You better fix how drivers are stealing jobs with apps better than forcing ppl buy electric cars

[@AaronLucas]

DARA Stick to the companies original business model (CUSTOMER SERVICE AND TRANSPORTATION). You’re losing profits by watering down UBERS CORE VISION. You want EV’s, than you’re in the wrong business you should be in the Car manufacturing (Go Work for Tesla) not UBER. UBERS dedicated to EV’s?? B.S. UBER SHOULD BE DEDICATED TO ITS ASSETS (THEIR DRIVERS) the CUSTOMERS and the ORIGINAL VISION CUSTOMER SERVICE and TRANSPORTATION, sir.

[@1972ardy]

​@@AaronLucasone of the reasons was how much money they paid themselves.. this crook makes 50 mil a year and he has a c- suite of 20 to 25 more cronies raking another 200 mil collectively per year. Despite this they are well into the black now AFTER similar and Even higher payouts for this yr and next ...why? They've gone full gangster on the passenger fare or food fee...upping it more than the inflation rate while at the same time taking the take rate up to 50% 60% sometimes more while the drivers are wrestling with the same said inflation in gas, repair and maintenance costs, NONE of which this crook pays for. How this business and its take rates stays LEGAL is beyond me. The corrupt biden admin. Fights banks on overdraft fees, credit card fees, etc. This entire business is way more crooked and predatory yet floats along...due to friends in high places (Tony west the chief legal officer is brother in law of Kamala Harris), campaign donations/bribes, and lobbying. Its truly a modern wonder. Until something changes expect the stock to keep going up along with all the incentives this crook and his team will back the truck up to take home

[@acornsucks2111]

Go check the garages of all these EV pushers.

[@JS-rg7vo]

cant hear you over my rivian

[@christopherviolan6340]

Your fleet?!?

[@cherbo328]

Facts are Dara has no business at Davos. Uber is just a social networking app , and owns no cars (fleet). Dara should be careful with his choice of words or declare drivers Employees. You could tell they could sense something isn't right with all the lies he is puking🤮 out😅

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@SalamHerbs-db5nt]

Davos is a fascist festival

[@SweetNeoCon407]

Uber just shut down Drizzly, an alcohol delivery service they bought for over $1 Billion. These executives just seem to fail upwards regardless of the stupidity of their business decisions.

[@user-sg2dg8nh8w]

You dont own any fleet inventory, Dara. Keep deaming and keep your bs.

[@3achm764]

Uber taking 65% from each trip leaving drivers with nothing Come on DRIVERS IT'S TIME TO GO BACK TO STRIKING AND PROTESTING AGAINST THIS GREEDY MONSTERS LET'S GO

[@_Dnoire_]

Its like this guys just come out and say whatever the feel 😂😂😂

[@hans-erik5001]

I just got me a day job because Uber not paying enough. I remember when I used to take a ride to LA it was around $220 now you get $86? they smoking crap up there in San Francisco 😂

[@monaderi35a]

Also, I wanna ask the CNBC That, why don't you bring the drivers and ask about their problems? Ask about the 50% to 75% that Uber is stealing from drivers. You are always kissing the rich and powerful ass.

[@gormenfreeman499]

Their electric vehicle incentives is capital misallocation, they should help their drivers buy Asian gas sipper cars like Mitsubishi mirage, Toyota Yaris or something.

[@pugilisticstandpoint]

All I see is comments from actual drivers, not viewers. This should tell CNBC something about this guy. Do not change my opinion of this great network by allow this clown to purchase airtime to spread his lies and deceptive practices. Please don’t allow this to happen. He is a liar. I have been praying for our Government to get involved with this company.

[@cmac7384]

When Florida is sinking, everyone can do their cost benefit analysis.

[@smartjackasswisdom1467]

The moment Full self driving is achieved why would the car companies need Uber at all? They'll just build their own app themselves.

[@NClottery]

You guys might think this is outage but what Uber is doing is taking everyone fares and Tips and spreading to growth there businesses !

[@BrotherK-ex2co]

I rented an EV for 2 weeks for Uber. I am going back to fossil fuels.

[@johnboybutler1841]

Every single update that they make only benefit UBER!. 8 years of driving. No raises. No Benefits. Gas prices have doubled. No relief!. Uber is sucking the life out of its drivers

[@erik7747]

He is lying when he says drivers are not getting separate prices for the same ride. My girlfriend and I turn on UBER app in my house on the same couch and get different pricing and different surge pricing for the same trip. They are doing it and we have the screenshots to prove it. DARA IS A LIAR

[@adolphusjefferies1856]

❤❤❤In San Diego, California, some drivers are paying $500 -$600.00 per WEEK for the Tesla Model 3''s FOR A LEASE! SERIOUSLY??? This is MODERN Day SLAVERY in my market!!!

[@ray210rodriguez9]

Raise Drivers pay stop living off are backs

[@JohnWick-c137]

No I’m keep my gasoline BMW and MERCEDES Benz electric is not fast

[@supremeshrestha1088]

Commit to making the better pay for uber drivers, the pay right now is a joke

[@bassamac]

So much of the right question was missing out of this interview like what is Uber doing to about driver grievances about low pay and are these grievances Uber business.

[@carlosmartin2264]

Going to have to pay the drivers more money, not enough to survive

[@monaderi35a]

How about you stop stealing driver's money and let them have money to buy a car, also provide chargers. Stop stealing the driver's money. You are a big thief.

[@jasonwittman1095]

The "fleet" doesn't belong to THEM, and that's part of the problem.

“OUR FLEETS”? Uber has never owned a fleet and they do love to treat Uber Drivers' cars as their own but of course paying zero maintenance and insurance to the real owners. 🤷🏾‍♂️🤦🏾‍♂️😉

[@John-ys4ll]

Stay with gas powered vehicles… how far do cars go on a charge How long does it take to charge a ev

[@NicholasTranscends]

Liars. Why are you wearing a scarf? Your in a studio. They give one extra dollar to the driver for using an EV while taking fifty percent or more from the total what the rider pays. This guy is a shameless liar. I disagree with everything you stand for. Censor me quick. 🎉 Liar about the charging on the app. They do not assist ev drivers on the Uberdriver app like he said. Liar.

[@StreamingFrames]

Drivers, Door Dash, Uber, Lyft or any Gig app should stop talking about paying/getting hourly pay; unless the vehicle is provided by a Gig app & gas/petrol, maintenance, insurance, etc etc is paid by Uber, Door Dash, Lyft, Roadie etc etc only. So stop bringing the hourly wage to conversation when the vehicle is by an independent contractor. The vehicle should be compensated seperately & the driver should be compensated seperately. Gig apps should pay the independent contractor (the driver) $1.70 per mile for the vehicle (or 1 Euro per Km) & at least $0.55 cents (Euros) PER MINUTE for driver's effort. And those rates should run like a stopwatch on the phones on every second & miles driven, separately like a old taxy cab meter. Obviously for drivers of New York, California, Boston the rates I suggested should be higher. E.g. per mile $1.90 & per minute $0.80 at least in this inflation, because it's not 2016 now everywhere else other than for Gig workers.

[@eduardoaragaoaragao2258]

You would think a company that doubled their stock price in less than 12 months would reward the drivers who got them there. The only thing Uber, or Lyft is concerned about are there stockholders and their stock price. By manufacturing income by charging customers more and paying drivers a lot less than what it should be. Remember without us the drivers they don’t have a company. I hope everyone is going to not drive on the global February 14 protest and stay home. We need to expose more of the truth about what these companies are doing to new stations and social media so the public knows what they are doing to us. Everyone of you should somehow someway bring up the subject when you are driving your customer so they know we are getting a maximum of 1/4 of whatever they are spending or less every day I drive customers who have no idea and end up giving me a much bigger tip now that they know.

[@tkd42490]

Build charging hubs in high demand areas. Put concessions and lounge for the drivers. These hubs can be profitable for you.

[@NuclearTuna2018]

uhh...why exactly is fully electric better than a hybrid?

[@antoniogarcia9989]

1/2 hour trip = 6.29 pounds. This is misery. Electrification ???? Please explain how

[@NClottery]

Pay your driver more and maybe we can afford to buy a tesla!! instead of taking so much fares and tips!!

[@jackbreese7542]

I have a brand new hybrid and pay 640.00 a month,, I can hardly keep up the payments. So how can uber drivers afford a Tesla payment on that will be 1400.00 a month.

[@lindataylor6458]

Come on Dara try telling the truth just one time in your life

[@jrmontelongo88]

If the car I use to drive for Uber is part of “there fleet” than my car is a company car, therefore Uber needs to take over my car payments as it o”is part of there fleet!! Please do the right thing and be a man of your word!!!!

[@b1cf]

$28,181.72 (Gross Payment) $10,789.02 (Uber fees) $17,392.70 (Net Payout) for the year 2023. 19,128 Miles and 1,771 completed trips.

[@shwanmohammed6984]

Shame on Uber because not PAY to the driver charging passenger good morning but not paid to the Uber driver you guys think Uber driver drive a TikTok

[@StreamingFrames]

Drivers, Door Dash, Uber, Lyft or any Gig app should stop talking about paying/getting hourly pay; unless the vehicle is provided by a Gig app & gas/petrol, maintenance, insurance, etc etc is paid by Uber, Door Dash, Lyft, Roadie etc etc only. So stop bringing the hourly wage to conversation when the vehicle is by an independent contractor. The vehicle should be compensated seperately & the driver should be compensated seperately. Gig apps should pay the independent contractor (the driver) $1.70 per mile for the vehicle (or 1 Euro per Km) & at least $0.55 cents (Euros) PER MINUTE for driver's effort. And those rates should run like a stopwatch on the phones on every second & miles driven, separately like a old taxy cab meter. Obviously for drivers of New York, California, Boston the rates I suggested should be higher. E.g. per mile $1.90 & per minute $0.80 at least in this inflation, because it's not 2016 now everywhere else other than for Gig workers.

[@user-qx1es8kj8b]

Does Ubereats AI support cyclists couriers? This is the best way to zero emissions.

[@urscreamin4it]

Dara Khosrowshahi, so tell me how all this makes sense Mr Dara. Your company pays $20 an hour for drivers who provide the car gas and insurance, yet you want us to spend $60,000 on an electric vehicle? Let me submit a hypothetical situation I live in Florida where we regularly get hit by hurricanes. Let's say we're 10 years in the future and everyone is switched over to electric vehicles. A monster hurricane is supposed to hit Florida and everyone and their mother in Florida decides to plug their electric vehicle in. What happens to the power grid? Let's see people aren't able to charge their car all the way so they start driving and the car dies halfway up the state of Florida. I would assume there's be thousands of these instances. So now you have thousands of electric vehicles clogging of the highways and a hurricane is bearing down in the state of Florida. On what planet does that sound like a good idea?

[@FrankGallagherr]

EV’s now are like cell phones in the 90’s they are going to get a million times better and better

[@OhioVworld]

Yup, my next car will be an EV. Ofc that will be a decade or more from now, as I had to buy a car 2 yrs ago.

[@jessemccabe3566]

The vehicle might get “better” but as have ICE vehicles. Where this is short sighted is in the Electrical Infrastructure to support the EV. If air conditioning can cause rolling blackouts what do you think will happen when you drop say 1M vehicles on the grid… it will crash.

[@SalamHerbs-db5nt]

And the lithium tech in cell phones still sucks

[@robertmariano]

Uber is another WeWork and CNBC just sits back and acts as if Uber is a profitable business, (yes they made a profit one time but that was an accounting trick)

[@StreamingFrames]

Hello, I can understand $18 an hour minimum wage, had Uber supplied THE CAR (their car to driver), gas, maintenance, insurance & etc, etc. This shows Uber, Lyft, Door Dash don't care about car or driver work time. Uber, Lyft, Door Dash should & must pay drivers for their time separately, & pay separate dollar amount for miles/Km driven. E.g. minimum $1.70 per mile ( 1 Euro per Km) & for the drivers time, $ 0.55 cents per minute (0.55 cents Euros per minute). And should run like old taxy cab meter or stop watch on the app of driver & rider. Drivers don't need BS surge, if this old system comes back. If Uber/Lyft/Door Dash don't comes with this, someone should start a new app ASAP & publish it on Apple's app store & Google's play store, that's the only way destroy these scum of the earth companies. And by the way, Uber/Lyft/Door Dash's cut should not be between 20% to 80% of what the customer (or rider) pays, their cut should be maximum 1%. In that way, if a driver earns/makes $2,000 dollars per week, then those scum company makes $20 per pay week. Lets assume driver makes again 2,000 per week for next 3 weeks of the month, that means, the scum companies make $80 dollars from just one driver for a month. That's way more what Netflix ($15.49) charges from one consumer, or what Spotify makes from 1 consumer ($10.99), Apple TV+ charges ($9.99), KZbin Premium $13.99⁠/⁠month, & what Amazon charges for Prime per month ($14.99). Now you see how these scum of the Earth--Uber/Lyft/DD companies are ripping off the drivers...no need more explanation any more. Where's all this money going, these companies are bullshitting telling everyone that they need more money than Amazon, Apple, Google etc & telling us they are losing money,...BS. If a driver earned $100 then these scum companies pocketed minimum $200 with the current system, & they didn't give a damn about how many miles were driven or how much time driver had to work paying about $0.13 cents per minute. This modern day slavery in the richest country in the world has to stop, & pretty sure it's same in other countries where scum-Uber is operating. Someone, please build an opensource app & let's bankrupt these companies ASAP.

[@SalamHerbs-db5nt]

Where does all their money go?

[@tardytv907]

he exploit drivers to make profit he has cut drivers paid in to half, and charged rider so much what they are doing is terrible

[@ZaheerAbbasloveforall]

Actually they want give business to Tesla only Tesla. Because they are thinking drivers are slaves

[@billrentz9133]

I have 2 words SELL UBER! When you have a CEO like Dara it's your only option. This is nowhere close the biggest threat humanity faces, this guy is delusional.

[@z-zociety-family4045]

EXACTLY..DUDES A FUKIN JOKE. HE HAS BROUGHT NOTHING BUT PROBLEMS TO THE ECONOMY AND HE IS THE ONLY ONE FILLING UP HIS POCKETS WITH PEOPLES HARD WORK. ALL THAT COMES OUT HIS MOUTH IS BULLSH..IT

[@StreamingFrames]

Drivers, Door Dash, Uber, Lyft or any Gig app should stop talking about paying/getting hourly pay; unless the vehicle is provided by a Gig app & gas/petrol, maintenance, insurance, etc etc is paid by Uber, Door Dash, Lyft, Roadie etc etc only. So stop bringing the hourly wage to conversation when the vehicle is by an independent contractor. The vehicle should be compensated seperately & the driver should be compensated seperately. Gig apps should pay the independent contractor (the driver) $1.70 per mile for the vehicle (or 1 Euro per Km) & at least $0.55 cents (Euros) PER MINUTE for driver's effort. And those rates should run like a stopwatch on the phones on every second & miles driven, separately like a old taxy cab meter. Obviously for drivers of New York, California, Boston the rates I suggested should be higher. E.g. per mile $1.90 & per minute $0.80 at least in this inflation, because it's not 2016 now everywhere else other than for Gig workers.

[@jstar3387]

Agreed. I depise this guy. Dara will go down as one of the worst CEO’s in bussiness history.

[@Limer_Lime]

Uber drivers are getting screwed! Uber charges riders more money but cut what the drivers earn and because of Ubers high prices people don’t tip especially in this economy today. Something must be done about this. I know of people who have driven for them for years and now have to work 12 hrs just to survive. They don’t take into account people are using their own vehicles and have to cover the costs of maintenance. My friend bought a hybrid car last year to help conform to Uber’s Zero Emissions Goals but no incentives were given at all and has already put over 100,00.00 miles on a car only a year old. Explain how this company is getting away with this?

[@1972ardy]

This clown will be long gone when the Uber downfall inevitably comes. He's the definition of the CEO aiming for short term earnings reports which have shown great progress right about when they went to the upfront pricing model to drivers and food delivery workers, powered by AI, machine learning, and their army of new (many illegal immigrants using relatives id's) drivers. They sliced driver pay in probably half, whilst taking upwards of 60 to 70% of the ever increasing fare paid by the passenger/food customer. On top of that, they dump the onus for the lil extra tip that the customer has to pay especially in the case of food delivery on that said customer...otherwise the food doesn't move... all those fees the customer thinks may go to the driver goes to his pockets. Shareholders yes and also him and his C-suite who make more than 200m per year collectively. It's insanity how they haven't been deemed illegal by Any govt entity yet here we are. Tony West the chief legal officer is Kamala Harris' brother-in-law. Friends in high places, lobbying cash and campaign contributions help with that, while they loot drivers' pockets and the long term viability of Uber. The same Biden admin that goes after credit card fees and charges, bank overdraft charges, has stayed mum on this issue which is 10x more predatory. By the time this fixes itself, maybe due to competition, and maybe where they get regulated to only be able to take a 'fair cut' of the fare (max 10% lets say) since the drivers pay for gas, expenses, and all else, this Clown 🤡 and his clown posse 🤡 🤡 🤡 who has no business being a world leader at Davos will be long gone enjoying their hundreds of millions. The stock by then also will have turned from having tripled recently.

[@orton1900]

The reality is with all that’s going on with Uber this guy might end up in jail pretty soon!

[@eduardoaragaoaragao2258]

AN UBER DRIVER PAYS $400.00 per week, needs to pay insurance, How many hours of work do he need to pay this rent? There are many drivers working more than 10 hours every day of the week, this practice is a slave!!!

[@LogicalPlausibleProbable]

You can tell he is totally full of it on the cost of ride question. Totally dance around it.

[@antoniogarcia9989]

Pay the drivers more .In London Uber pay 20 % less than 5 years ago. Electrification ??? How go to pay the car ??? Uber pay missery

[@patricktate2585]

This is an absolute lie, there’s no way to drive for 8 hours on one charge. He needs to up drivers pay and stop taking 65% of the fares that riders pay

[@eduardoaragaoaragao2258]

This gentleman has the attitude of a terrible DICTATOR, he is enslaving drivers who need to work a lot to earn much less than before, 75% per trip and now less than 40% percent and charges an abusive amount from the passenger, UBER is not respecting constitutional laws, the drivers have no benefits and are not employees and worse there is no guarantee of employment, he says about electric cars, which are starting to cause problems and the drivers who are not earning enough to survive and take care of the car's maintenance, this gentleman It's making life more and more difficult for many people!!!

[@jasonwittman1095]

"Nobody said this would be easy" ...for the drivers, because that's where they want to put all the cost, burden, and headaches.

[@AaronLucas]

Who thought Drizly was a good investment? At a billion dollar loss that could’ve should’ve been reinvested into UBERS core (rideshare) all would’ve been happy. I thought everyone knew Alcohol and Driving don’t mix.?. Oy 😑

[@ronilove7567]

Pay your Driver's more

[@ciprianmihai7355]

I paid for my EV 37k £ in London, and Uber offer me 14£ for a 60minuutes job. Please do not do same mistake like me, just buy a old car.

[@joshfuentes8788]

Uber don’t have a fleet of cars. It’s all on regular drivers personal vehicles not Uber’s

[@Kimsunmaher]

Byd good luck

[@somedude9878]

Uber 's stock is going up big, but those media and finance youtubers didn't even mention a word about it.I guess they are instructed to keep their mouth shut on good stocks so that retails don't buy them. Poor souls😂

[@odrame79]

She have a smart question

[@odrame79]

They just want to build their own products that's all

[@OldTestament1]

Really you don't own the cars plus after this cold snap people are seeing the drawbacks of Evs the drive range drops buy 40% in the cold and it takes hours to charge in the cold

[@phillipchapman]

He flat out lied. I drive an ev for uber fulltime, you cant make it one work day on one charge. Unless you're in a lucid or something and even still, thats a lie. Speed, distance,you're charging at least twice a day

[@jose_2556]

And why doesn't he talk about the fact that he is robbing the costumers, charging them more money and paying the drivers a pittance?

[@djlatintin]

It's just all talk. .....I don't even know what he's doing at Davos. Just a publicity stunt . They don't care about the drivers .

[@odrame79]

This is not true

[@John-ys4ll]

This guy is a creep … if riders only knew how much he keeps vs how much he pays the drivers .. all for himself . He takes advantage of people in need..

[@magman012]

Aka Drivers switch to Tesla so we can get the data we need to eventually replace you