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Benzinga
Benzinga
Business
Rishabh Mishra

Bill Ackman Says Tesla Robotaxi Fears Are Creating a 'Very Cheap' Buying Opportunity for UBER

Alanya,,Turkey,-,November,7,,2023:,Apple,Iphone,14,With

Billionaire investor Bill Ackman believes the market’s anxiety over Tesla Inc.‘s (NASDAQ:TSLA) upcoming autonomous fleet has severely mispriced Uber Technologies Inc. (NASDAQ:UBER), creating a highly lucrative entry point for investors.

Rather than spelling the end for the ride-hailing giant, Ackman argues that Uber’s underlying aggregator model will easily survive the robotic disruption.

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