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There are 268.8 million vehicles in the United States. Uber's software and be can use to capitalize on the majority of these vehicles. If they pay their workers
by 0000011111 7y ago
There are 268.8 million vehicles in the United States. Uber's software and be can use to capitalize on the majority of these vehicles. If they pay their workers a bit more and spend a bit less on the R&D the supply of workers will increase.
https://www.pbs.org/newshour/economy/why-uber-and-lyft-drivers-are-going-on-strike https://www.pbs.org/newshour/economy/why-uber-and-lyft-drive...
I think both TESLA and UBER are 20 years away from fully automated vehicles on US roads. Show me technology that supports autonomous driving from Denver, CO to Salt Lake City, UT any day of the year in any weather when roads are open to human driving and I will change my view.
From a stock valuation perspective the question then is;
Which of these companies will be the most profitable in the next 10 years? Both firms seem to be spending all available cash and capital on growing their companies fast. While betting on the completion of future technology to sustain their business in the long term.
For this reason, I would short stock on both firms in the short term then switch to long positions if either of the companies had tangible indications of mullite year profitability.