I think a lot of people see todays taxi company being tomorrows ground transport ruler, once self driving cars are ubiquitous. The theory being less people wil

I think a lot of people see todays taxi company being tomorrows ground transport ruler, once self driving cars are ubiquitous. The theory being less people will own cars. The savings made on storage/parking, fuel and maintenance will be greater than paying for individual rides (with no labour costs). The car manufactures would no longer be the company the consumer interact with. i.e. How much does the average consumer care if they are picked up in a Lexus or a Toyota for the average ride? This would put the car manufacturers in competition for the taxi companies business commoditizing the car industry. Who knows what will happen? Maybe regulation will prevent self driving cars becoming ubiquitous? or maybe some advance in manufacturing makes it much cheaper to own self driving cars. But speculation that Uber pulls this off is the only way that I can see how Uber is worth over $60Bn (more than ford $50Bn ish, GM $50Bn ish, Nissian $45Bn ish) while making a $0.8Bn loss on $1.7Bn revenue - as a gamble for what might end up owning a $400Bn+ market.