Here are few reasons Why I am bullish and why I think uber is still cheap below hundred.
I am on my mission to make uber my no 1 position in my portfolio.
1) $40B+ annual revenue, growing double digits, yet still priced cheaper than many mid-cap techs.
2) Over $1B+ FCF, with potential to compound and I dont think it’s priced in.
3) stakes in Grab and Didi
4) Partners & Key Moves Uber & Lucid: Nuro is supplying the self-driving tech for a robotaxi fleet of Lucid SUVs, to be deployed via Uber’s service. 20,000+ robotaxis over 6 years starting ~2026.
5) Nuro has years of delivery-bot testing, deployment in limited domains; its robotaxi program via Uber-Lucid is just ramping up.
So basically what nuro does it builds its own autonomous driving technology so instead of selling cars like tesla it sells the brains basically self driving technology.
So I tell how uber can use it for its advantage as uber.
So basically Lucid makes the cars, Nuro integrates their Autonomous tech into their cars and uber put it on their platform.
I know it can put pressure on margins but I think uber will find its way to increase their margins somehow trust the management.