Ackman: $UBER May Be Cheaper Than Investors Think Amid $TSLA Robotaxi Fears

Bill Ackman said Uber may be cheaper than people think because investors fear Tesla's robotaxi ambitions. The core debate is whether Tesla robotaxis destroy Uber or make the Uber platform even stronger.
Uber has become a verb, signaling a dominant position in mobility, and the fear is that Tesla's robotaxi network could take over autonomous mobility. The counterargument is that users may still prefer one trusted app to find the fastest and cheapest ride, whether it comes from Uber, Tesla, Waymo, or another provider.
Traders are not fully buying the Tesla robotaxi threat to Uber, pricing only a 17% chance that Tesla launches robotaxis in California by December 31.