Should Tesla Buy This Ride-Sharing Giant To Supercharge Robotaxi Dreams? Analyst Explains Why It Makes Sense
Portfolio Pulse from Shanthi Rexaline
Gary Black from Future Fund suggests that Tesla, Inc. (NASDAQ:TSLA) should consider buying Uber Technologies, Inc. (NYSE:UBER) to capitalize on its Robotaxi service. This acquisition would provide Tesla with access to Uber's 137 million consumers and their data. However, some critics argue that Tesla's data is superior to Uber's. Furthermore, Tesla would need to sell shares or raise debt financing to afford Uber's $95 billion market. Tesla's stock closed down 2.67% at $254.11, while Uber's stock rose 0.66% to $46.96.
August 04, 2023 | 12:36 pm
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NEUTRAL IMPACT
Tesla's stock may be impacted by the suggestion of acquiring Uber. However, critics argue that Tesla's data is superior and the acquisition may not be necessary.
The suggestion of Tesla acquiring Uber could potentially impact Tesla's stock. However, critics argue that Tesla's data is superior and the acquisition may not be necessary. Furthermore, Tesla would need to raise funds to afford Uber's $95 billion market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Uber's stock may be impacted by the suggestion of being acquired by Tesla. However, Tesla would need to raise funds to afford Uber's $95 billion market.
The suggestion of Uber being acquired by Tesla could potentially impact Uber's stock. However, Tesla would need to raise funds to afford Uber's $95 billion market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100