"We believe robotaxis could significantly expand Uber's mobility total address market, given the resulting increase in supply would drive lower-priced autonomous offerings over time that expand the use-cases for rideshare," the Jefferies note said Friday.
"The long-term autonomous debate is far from resolved, but we don't think We, Robot showed us anything to believe the slope of autonomous adoption will be any steeper than we previously expected," Morgan Stanley analyst Brian Nowak wrote Friday.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.