Early Uber investor Jason Calacanis, who bought 15,000 Uber shares at $65 with a 12-month target of $120, expects Tesla to take 40% of the autonomous vehicle market, Uber 35% and Alphabet's Waymo 15%. Uber's market value is now below $135 billion, close to Waymo's $126 billion valuation from its February fundraising of $16 billion, even though Uber generated $9.8 billion in free cash flow in 2025 and trades at 17x forward earnings, its lowest in three years. According to Uber's management, autonomous vehicles on its network run 30% more trips per vehicle per day than on standalone networks, and Uber already has more than 30 AV partners. The risk is that Waymo ended its Phoenix partnership with Uber and plans its own service in Austin and Atlanta from January 2028. The author says the stock has plenty of room to run if partners keep sending rides through the Uber app.
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TSLAUberself-driving carsWaymo
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 11/02/2026 | 403.82 |
| Change that session | +1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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