Noted investor and TSLA bull Gary Black has shared his thoughts on Uber Technology Inc.'s (NYSE:UBER) earnings call and the company's autonomous taxi plans, which could give Uber an edge over Tesla Inc.'s (NASDAQ:TSLA) Robotaxi launch in June.
What Happened: In a post on social media platform X, Black shared an excerpt of Uber CEO Dara Khosrowshahi's address on Wednesday.
Black then expanded upon what was said with his thoughts. "For those who think $TSLA will be only one that can offer an autonomous ride-hailing option, think again." He said.
He highlighted how Uber could have an advantage in the autonomous ride-hailing segment, as the company would "welcome any player" to "monetize their vehicles by including them on the UBER platform." Black said in the post.
Why It Matters: The Tesla Bull's comments coincide with the company's anticipated robotaxi launch in Austin, Texas, next month, which Black had called "an experiment."
The company rolled out a limited launch for the robotaxi service for its employees in cities like Austin and San Francisco, and Tesla says it has driven over 15,000 miles with the rollout.
Elsewhere, Elon Musk's Robotaxi ambitions are facing hurdles as a trademark filing by Tesla over "Robotaxi" and "Cybercab" has been refused by the U.S. Patent and Trademark Office.
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