Given current trend of interest rates, and the market exposure available to UBER I am still bullish.
I am not concerned with the autonomous driving news,to be honest I don't think this affects UBER in the long run. My simple standpoint is TESLA is a car manufacturer not a service provider. Tesla/Elon are driven by innovation not just revenue. Operating and maintaining a fleet across the country if not globally, to me doesn't seem very efficient. UBER's CEO also has mentioned in the past if TESLA is able to deliver on the autonomous driving they would like to partner rather than compete with them which makes more sense.
However given current climate post election, investor sentiment towards these updates, UBERs partnership with Waymo. I have decided not to risk this position.
Thanks for reading đ
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Hit a high in October, some people sold off, plus earnings. Not sure about buying a call