1 Glorious Growth Stock That Could Beat Tesla to This $10 Trillion Opportunity
Ark Investment Management was founded by seasoned technology investor Cathie Wood. Each year, the firm releases a new edition of its "Big Ideas" report, and the 2025 version outlines how autonomous vehicles could turn ride-hailing into a $10 trillion industry over the long term. Ark predicts these cars will dramatically reduce the cost per mile of transportation, leading to widespread adoption around the world.
(NASDAQ: TSLA) is one of the leading developers of self-driving cars, and it recently launched an autonomous (but supervised) ride-hailing service in the U.S. as a test run for its upcoming Cybercab robotaxi. However, Tesla might not be the biggest winner of the autonomous revolution in the long run.
Uber Technologies (NYSE: UBER) operates the world's largest ride-hailing network, and it has all of the infrastructure in place to accommodate the shift toward self-driving vehicles. In fact, some of the biggest developers are choosing Uber's platform to commercialize their autonomous technologies.
Source Fool.com
Uber Technologies Inc Stock
With 90 Buy predictions and 2 Sell predictions Uber Technologies Inc is one of the favorites of our community.
As a result the target price of 90 € shows a positive potential of 29.18% compared to the current price of 69.67 € for Uber Technologies Inc.
