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Key Points
According to Ark Investment Management, autonomous vehicles could generate a $10 trillion opportunity for the ride-hailing industry. Tesla, scheduled to mass-produce its Cybercab self-driving robotaxi in 2026, is a key player but faces commercialization challenges. In contrast, Uber, which operates the world’s largest ride-hailing network, has partnered with over 20 companies developing autonomous technology.
As of Q3 2025, Uber reported gross bookings of $49.7 billion, with $22 billion paid to human drivers, leaving $13.4 billion in revenue. Uber aims to deploy autonomous vehicles in 10 cities by the end of 2026. Alphabet’s Waymo is among its partners, currently completing over 250,000 autonomous trips monthly across five U.S. cities.
Uber’s price-to-sales ratio stands at approximately 4, compared to Tesla’s 16.4, despite Uber’s 20% year-over-year revenue growth, which is nearly double Tesla’s 12%. With the potential of a $10 trillion market, experts suggest Uber may be better positioned for investment than Tesla.
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