UBER directional thesis
Uber shares keep bleeding as robotaxis from Waymo and Tesla scale and a $10B fleet spend turns the asset-light model into a capital-heavy defensive bet.
“the stock has been trading down as Waymo and Tesla expanded services. It sold off, Uber sold off. And when Waymo raised $16 billion, Uber sold off again... The stock is down 23% in the past 6 months and investors are starting to get concerned about autonomous vehicles.”68:05claim_id
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