Tesla Cybercab Vs Uber: Can Elon Musk's Robotaxi Fleet Really Make A Dent, Gary Black Says Not So Fast
Portfolio Pulse from Ananya Gairola
Gary Black from Future Fund LLC doubts Tesla's Cybercab can outperform Uber due to its current 97% autonomous driving efficacy. Tesla's Cybercab, unveiled recently, is priced under $30,000 but may not be ready until 2026 or 2027. Meanwhile, Uber is advancing its EV transition and partnering with Waymo for autonomous ride-hailing.
October 14, 2024 | 2:50 am
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POSITIVE IMPACT
Alphabet's Waymo partners with Uber to bring autonomous ride-hailing to new cities, enhancing its presence in the autonomous vehicle market.
Waymo's partnership with Uber expands its autonomous ride-hailing services, potentially increasing its market influence and benefiting Alphabet's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Uber is advancing its EV transition with an $800 million pledge and partnering with Waymo for autonomous ride-hailing. Analysts see little immediate threat from Tesla's Cybercab due to its current limitations.
Uber's proactive steps in EV transition and partnerships with Waymo strengthen its position. Tesla's Cybercab, with its current limitations, poses little immediate threat, potentially benefiting Uber's stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Tesla's Cybercab, unveiled at a recent event, is priced under $30,000 but faces skepticism due to its 97% autonomous driving efficacy. Analysts doubt its immediate competitive threat to Uber, with production expected by 2026-2027.
Tesla's Cybercab is a new product with potential cost advantages, but its current 97% efficacy in autonomous driving limits its immediate competitiveness. Production delays until 2026-2027 further reduce short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80