Uber finally debuted today at $45, lower end of its price target. Despite that the stock touched a low of $41. China trade talks and market sentiment is a factor. At what price will you consider buying Uber stock, if at all?
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- Google LyLs67Can we stop with the autonomous vehicle bullshit for fucks sake. Avs are not happening in this decade so let that go. Just talk about the present
- Tile Klrs21Av does not imply full automatuon, selective high volume situatuons can be automated. Google may not do it in next decade because it may be looking for level 5, but level 4 is not very far. So fuck sake learn more before showing frustration
- Bloomberg bbnhgFull self driving (level 5) might not happen for a decade atlest. If anyone is interested in understanding all the long tail problems associated with level 5 then I would recommend you to watch https://youtu.be/LSX3qdy0dFg
So if we are talking of level 4 happening soon, then that would still mean that a driver is in the car and that person has to be paid irrespective of who is paying (Tesla, waymo, Uber etc). So level 4 can't really kill Lyft/Uber.
So I still think Lyft/Uber can grow and be profitable at least till level 5 automation is achieved which is still another decade away.