Tesla plans to release a new Robotaxi…
And it could completely destroy Lyft (NASDAQ: LYFT) and Uber (NASDAQ: UBER).
This huge tech breakthrough will transform everything. And could deliver windfall profits of 733%… 887%… and even 1,150%.
On April 5th Elon Musk announced…
Tesla would unveil self-driving Robotaxi. And they plan to operate a new ridesharing service to compete with Uber and Lyft.
Here’s Elon’s explanation…
“You can think of Tesla like some combination of Airbnb and Uber…
Meaning that there will be some number of cars that Tesla owns itself and operates in the fleet. And then there’ll be a bunch of cars where they’re owned by the end user.”
This news has sent Tesla stock soaring 47%…
Investors clearly think that the Robotaxi will be big for Tesla. And the movement in the stock suggests a high degree of confidence.
Yet the Robotaxi is also a huge threat to Uber and Lyft.
Uber is the bigger of the two companies. Shares of that stock are down 10%.
Lyft is smaller and has more of its business in the U.S. It’s viewed as being more vulnerable to Tesla’s plans.
Shares of Lyft have dropped 29% in the last 3-months.
It’s clear that the market is betting that the Robotaxi will be big for Tesla. And that this will be disruptive to existing ride hailing services.
3 hidden AI partners stand to earn windfall profits. And my estimates suggest shares could soar 733%… 887%… and even 1,150%.
Ian