Founder & CEO at Pershing Square Capital Management
Uber stock is cheap because investors fear Tesla autonomous taxis will disrupt them. However, Uber has become a dominant platform and a verb in consumer mind share. Consumers will continue using the Uber app as an aggregator to find the fastest, cheapest ride, regardless of who owns the self-driving car.
This answer is part of a full interview with Bill Ackman, Founder & CEO at Pershing Square Capital Management.
Found this insight valuable? Share it with your network to help others learn from Bill Ackman's experience.
Use this answer in your research, article, or academic work