Tesla's Robotaxi listing is imminent. Will Uber seize an opportunity or face a crisis?
On October 11th, Tesla will release its self-driving taxi Cybercab, analysts believe this will impact Uber. Bank of America points out that Uber may benefit from the competition of autonomous vehicles, especially through partnerships with Waymo, Cruise, and WeRide. Although Tesla's low-cost Cybercab may create market pricing pressure, Uber investors do not need to panic, success will depend on actual execution
According to the financial news app Zhitong Finance, at 10:00 a.m. Beijing time on October 11th, Tesla (TSLA.US) will release a new product called "Cybercab" for Robotaxi (self-driving taxi). Most analysts believe that Uber (UBER.US) will become an important part of the autonomous driving car industry's development.
Bank of America believes that Uber's network may benefit from the competition in the autonomous driving car sector. Analyst Justin Post and his team believe that as autonomous driving car companies seek to establish and improve their technology, the competitive autonomous driving car market will make Uber's network more valuable. Uber recently announced partnerships with Waymo, Cruise, and WeRide, supporting the view of intense industry competition and Uber's strong position in autonomous driving cars.
Post stated that Uber's main focus on autonomous driving cars brings huge market opportunities and should benefit multiple parties. Uber expects many partners to compete with Tesla in terms of cost and capability, with the hybrid model considered most likely to meet consumer needs in the coming years.
Tesla's autonomous driving taxi activities may also indicate that the company's autonomous driving technology may take several more years to reach Level 4 or Level 5 autonomous driving levels. One potential negative impact of this activity is if investors believe that Tesla's low-cost Cybercab will bring deflationary effects to the entire transportation pricing.
Some analysts are more cautious about the threat of Uber and Tesla's autonomous driving taxi platforms. He pointed out, "I believe that Uber's collaboration with car manufacturers and autonomous driving platforms to provide autonomous driving ride-hailing services globally is the right approach. However, the success of these efforts will depend on the execution of these plans in the real world."
Analysts state that Uber investors have no reason to panic, but he believes that in the long run, downplaying the threat posed by Tesla's autonomous driving taxis could be a fatal mistake