Uber Technologies relies on 9.7 million drivers to facilitate rides and deliveries for its 202 million monthly active users, making them its largest cost.
The company is partnering with developers of self-driving cars to automate trips, presenting a multitrillion-dollar opportunity and potentially driving significant upside in Uber stock.
Uber reported $193.4 billion in gross bookings in 2025, with $85.4 billion going to drivers and $52 billion in revenue after deducting costs.
Investing in autonomous technology could eliminate driver costs, significantly increasing revenue and profit for Uber.
Uber’s experience in managing challenges like fleet utilization makes it a strong player in the autonomous vehicle space.
Uber plans to offer autonomous trips in 15 cities globally by the end of 2026 and aims to be the largest player in the space by 2029.
Autonomous ride-sharing is just beginning, and Uber’s stock may be undervalued compared to competitors like Tesla.
Consider investing in Uber stock to capitalize on the autonomous driving revolution and potential growth in the industry.
Stock Advisor did not recommend Uber Technologies as one of the top 10 stocks to buy, but it could still be a valuable investment opportunity.
Uber’s stock is trading at a lower price-to-sales ratio and price-to-earnings ratio compared to competitors like Tesla, making it an attractive option for investors.
Read more at Yahoo Finance: Dara Khosrowshahi Just Delivered Incredible News for Uber Stock Investors
