u/MountainTimeInvestor

The author argues Uber wins in an AV future because it owns the ride-share demand layer and its platform is where AV OEMs will want to plug in to reach riders, while Uber avoids bearing vehicle ownership costs that shift to OEMs. He cites a low valuation (LTM P/E 15.6x vs S&P 25.9x, PEG 0.68, $10B FCF), continued international scaling and product innovation, and a $5.3M open-market COO purchase on 9/8 as catalysts. Main stated risks are well-capitalized competitors (Waymo, Tesla Cybercabs) and that Uber's planned $10B AV infrastructure spend may not yield a return.