1 Unstoppable Stock That Could Beat Tesla to This $14 Trillion Opportunity
Ark Investment Management, which was founded by prolific technology investor Cathie Wood, thinks the autonomous ride-hailing industry could generate $14 trillion in enterprise value by 2027. Tesla (NASDAQ: TSLA) is a leading developer of self-driving technologies, and its new Cybercab robotaxi -- which will be able to haul passengers with no human input -- could hit American roads as soon as this year.But Tesla might not be the biggest winner of the autonomous revolution. Instead, I think Uber Technologies (NYSE: UBER) has the potential to capture a much bigger share of this new, multitrillion-dollar market. It currently operates the largest ride-hailing platform in the world, and it has all of the infrastructure in place to succeed as the shift toward autonomous driving gathers momentum.Uber stock currently trades at a very attractive valuation relative to Tesla, so here's why it might be a great buy today, before autonomous cars go mainstream.Continue reading
Ark Investment Management, which was founded by prolific technology investor Cathie Wood, thinks the autonomous ride-hailing industry could generate $14 trillion in enterprise value by 2027. Tesla (NASDAQ: TSLA) is a leading developer of self-driving technologies, and its new Cybercab robotaxi -- which will be able to haul passengers with no human input -- could hit American roads as soon as this year.
But Tesla might not be the biggest winner of the autonomous revolution. Instead, I think Uber Technologies (NYSE: UBER) has the potential to capture a much bigger share of this new, multitrillion-dollar market. It currently operates the largest ride-hailing platform in the world, and it has all of the infrastructure in place to succeed as the shift toward autonomous driving gathers momentum.
Uber stock currently trades at a very attractive valuation relative to Tesla, so here's why it might be a great buy today, before autonomous cars go mainstream.
