Is This Artificial Intelligence (AI) Transportation Stock the Ultimate Threat to Tesla's Autonomous Ambitions?

Electric vehicle (EV) and robotaxi company Tesla (NASDAQ: TSLA) and its CEO, Elon Musk, have had a volatile year, with Musk often finding himself under a controversial spotlight and investors and analysts torn on Tesla's future. On one hand, the company has tremendous potential with all of its future initiatives, but on the other hand it trades at a meteoric valuation. The stock is down about 13.3% (as of July 21), significantly underperforming the broader market.Meanwhile, another artificial intelligence (AI)-powered transportation stock has rocketed higher this year, partly due to its emerging autonomous driving business. Lately, the stock seems to go up when Tesla goes down and vice versa. Is it the ultimate threat to Tesla's autonomous driving ambitions?The ride-hailing giant Uber Technologies (NYSE: UBER) isn't taking the traditional approach to autonomous driving, in that it isn't embarking on the complex journey of building its own autonomous-driving technology like Tesla. Rather, Uber is pitching other autonomous-driving companies to bring their autonomous vehicles to Uber's platform. Because of Uber's massive platform, operational excellence, and regulatory experience, Uber views it as an ideal partner to a new market with an opportunity well over $1 trillion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool