I’ve been looking at Uber ($UBER) over the past few days. Stock seems to be under the radar of a lot of investors. Does anyone here have strong conviction either way on UBER (up or down)?
Autonomous driving and robotaxis could be a threat but also could be a massive opportunity. Labor is one of the biggest costs for UBER…and if you eliminate the drivers it would be massively accretive. They have a partnership with Waymo, which in my mind is further ahead with autonomous driving tech than is TSLA. Investors are willing to give a massive valuation bump to TSLA for robotaxis but nothing for UBER. Seems like a disconnect to me.
Robotaxis could be an existential threat to UBER. But I don’t see it. In the meantime, they are still growing revenues at 20% or greater, generating a lot of cash and shrinking the share count.
Thoughts either bullish or bearish??