Happy Friday from Quick Shift! After a full week in court to hear the Uber-Waymo case, a weekend has never looked so sweet. — Katie Burke
Five days into the landmark lawsuit brought by Waymo against Uber, the two companies said they have reached a settlement. The settlement calls for Uber to pay Waymo $244.8 million in the form of stock — or 0.34 percent of Uber’s $72 billion valuation.
“We are committed to working with Uber to make sure that each company develops its own technology,” a Waymo spokesman said in a statement. “This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software.”
Get comfortable. Though Tesla assured analysts during its fourth quarter earnings call that it was addressing Model 3 production delays and was on the path toward profitability, it seems customer wait times for the base trim Model 3 aren’t getting any shorter. Reservation holders reported Wednesday night that they had received emails from Tesla that they would not get the $35,000 sedan until late this year or early 2019.