CompetitionConcerns about increased competition from Tesla robotaxis and higher DiDi competition in Latin America are contributing to Uber's stock underperformance.
Financial PerformanceThe forward Q2 Adj. EBITDA guide was only in-line with Street estimates at midpoint, which contrasts with the consistent upside to Street estimates seen in the last two years, raising concerns about future financial performance.
Regulatory PressurePotential regulatory pressures in Massachusetts and California, including adverse decisions on driver classification, may require additional payments for workers' compensation or legislative changes to Prop 22.