Gary Black Thinks Uber 'Benefits Most' As Autonomous Driving Technology Develops, Says Tesla Could Undercut Other Ride-Hailing Companies By 'Mastering Unsupervised Autonomy'
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Gary Black, Managing Director of The Future Fund LLC, believes Uber Technologies Inc. will benefit significantly from advancements in autonomous driving technology. He stated that Uber could reduce ridership costs by eliminating drivers, potentially lowering prices by half and expanding its total addressable market. Black also commented on Tesla's potential to undercut competitors by mastering unsupervised autonomy, although he noted the need for near-perfect driving efficacy. His remarks follow Uber's recent partnerships with Lucid Group and Waymo to enhance its robotaxi services.
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