2024-07-14 05:50:47 ET
Summary
- Investors in Uber need to be aware of an approaching technology transformation and threat to its mobility market.
- Autonomous Ride-Hailing Services, like Robotaxi, are gaining attention, especially with Tesla's expected August 8th robotaxi announcement.
- In addition, Waymo's 50,000 paid autonomous rides per week and 20 million rider-only miles milestones show acceptance of autonomous ride-hailing services.
- With an extremely high P/E, which implies aggressive growth expectations, Uber may be vulnerable to this threat.
Uber ( UBER ) investors should be concerned about the competitive threat of autonomous ride-hailing services. In this article, I'll explain this threat and provide insight into what investors should watch.
Autonomous ride-hailing services (also called robotaxi) have recently received increased attention, primarily from Elon Musk ( TSLA ) with his pre-announcement of an August 8th introduction of a robotaxi business ( Elon Musk says Tesla will unveil its robotaxi on Aug. 8 ), although some new unsubstantiated rumors suggest this may be delayed....
Read the full article on Seeking Alpha
For further details see:
Estimating The Impact Of Autonomous Ride-Hailing (Robotaxi) On Uber