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Stock impact report

Taking a deeper look at the massive $1T U.S. market opportunity for AVs [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In a note this week, analyst Justin Post wrote that investors are increasingly focused on how AV technology will alter competition, pricing and profitability for mobility leaders such as Uber and Lyft. According to BofA, U.S. drivers log 3 trillion miles annually, yet ride-hailing today captures only 1% of those miles. If AVs can lower per-mile ride costs closer to car-ownership levels, the bank believes adoption could expand dramatically. Post said that “AV ride-hailing could expand to 20% of annual US vehicle miles traveled (VMT) over the next 15 years,” implying a market worth $0.9–$1.2 trillion based on estimated per-mile pricing of $1.5–2.0. For Uber, which BofA estimates has 70–80% U.S. market share, the long-term growth runway remains substantial even if new rivals such as Waymo, Tesla or Zoox enter aggressively. The firm sees “potential for Uber US mobility bookings to grow at a long-term CAGR of 13% to 20%” depending on share outcomes between 30–70%. A key concer Show less Read more
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