Part 5/10:
Uber is not merely standing still, as they are strategically forming partnerships with innovators in the autonomous vehicle space like Waymo. These collaborations, especially in cities like Austin and Atlanta, fortify their position in an evolving market landscape.
The Impact of Autonomous Vehicles on Uber's Stock
However, the announcement of Waymo's expansion into Miami and its new fleet partner sparked concerns about increased competition for Uber. Investors fear that if autonomous vehicles become prevalent, they may displace traditional ridesharing services, affecting Uber's market share and profitability in the long-term.