One Remarkable Growth Stock Poised to Outshine Tesla in the Race for a $10 Trillion Market Potential

Key Facts

• Ark Investment Management forecasts that autonomous vehicles could turn ride-hailing into a $10 trillion industry, driven by reduced transportation costs.

• Tesla launched a supervised autonomous ride-hailing service in June 2023 in the U.S. as it plans to roll out its Cybercab robotaxi in 2024.

• Uber Technologies operates the world’s largest ride-hailing network, benefiting from partnerships with 20 autonomous vehicle developers as of Q2 2025.

Cathie Wood’s Ark Investment Management estimates a significant shift in the ride-hailing landscape due to autonomous vehicles, projecting that the industry could reach $10 trillion. Tesla has initiated a supervised autonomous ride-hailing service as it prepares for the upcoming Cybercab robotaxi, although building a comprehensive network remains a challenge.

Uber, which services 180 million users monthly across various platforms, holds a strategic advantage with its established infrastructure and partnerships. In Q2 2025, Uber’s active drivers earned a combined $20.8 billion, significantly contributing to its $46.7 billion gross bookings. Its collaboration with firms such as Waymo and Baidu positions it favorably in the evolving landscape of automated transportation.