Wall Street Seems to be Undervaluing Uber over Fears of Autonomous Robotaxis Destroying It's Business, but I don't think that's the Right Way to Look at It!

In a nutshell, I think that Uber is undervalued because its growth is being significantly downplayed by Wall Street which is chasing the autonomous robotaxi game. While I definitely think autonomous vehicles and robotaxis are the way of the future, I think that AVs and robotaxis will only serve to solidify Uber as the indispensable demand aggregator for robotaxis and AVs.

My thinking is this: autonomous vehicle and robotaxi manufacturers are and will be too focused on building better and better vehicles that they won't have time to build out the ride-hailing network, and to be fair, they shouldn't need to build out the ride-hailing network. The way that I see the industry going is that AV manufacturers will build the AVs/Robotaxis which will then be bought buy AV fleet owner/operators, very similar to how Marriott or Hilton hotels are owned by individual owner/operators however Hilton and Marriott control the network. These AV fleet owner/operators will then run their fleet on Uber's network, where the fleet owner takes care of managing and maintaining the fleet of vehicles themselves (charging, cleaning and regular maintenance) while Uber continues to be the conduit for the actual ride-hailing system.

Let me know your thoughts!