Uber has no plans in chasing Elon Musk's self-driving taxi timeframe, the CEO said Friday.
Dara Khosrowshahi duty CNBC on the New York Stock Exchange, that it would take a slower approach to self-driving vehicles than Tesla. The automaker's CEO, Elon Musk, announced to his investors last month that would have a million "robotaxi" cars with self-driving capabilities on roads by the end of 2020. "I thought: If he can do it, more power to him, "he told CNBC Andrew Ross Sorkin. "Our approach is a more conservative approach than far as sensor technology and mapping technology. The software's going to get there. So I don't think that his vision is wrong with any means. I just think we are on timing." ] Khosrowshahi said Uber's implementation of self-driving taxis for all is, "the timetable Musk laid out for Tesla," quite a few years beyond. Uber halted its self-driving pilot programs in May 201
The Uber CEO's caution came while the company's IPO hit the ground with a thud, ending Friday down nearly 8 percent from its $ 45 per share opening, according to CNBC . That placed its valuation at around $ 70 million, well below estimates or as much as $ 120 million at the end of 2018. It sounds like a more sober Uber is trying to manage its expectations and not be first to a self-driving future.
Khosrowshahi also sounds like he's not out to Musk Elon Musk. That could be a good thing for all of us.