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Uber

Discussion in 'TSLA Investor Discussions' started by SBenson, Dec 20, 2016.

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  1. SBenson

    SBenson Active Member

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  2. SBenson

    SBenson Active Member

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    GeoHot's view was that only way Uber can ever make money is through fully autonomous driving. He expressed doubt that if Uber will be able to survive until the technology arrives and I think he said 5 years in the video.

    The rate at which Uber is losing money it can easily burn off it's cash pile in approx 2 years (which DaveT said was ~9Bil in one of his posts). It already raised $15Bil externally so far. Will the financial world still keep pouring money into this??

    If Tesla's FSD gains credibility quickly (as Musk expects) and Uber still doesn't have the full solution, the odds that Uber can tap into the financial world severely diminish. I can be a death knell.
     
  3. TheTalkingMule

    TheTalkingMule Active Member

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    It's staggering to think about companies with valuations from Uber all the way up to Facebook's $340B. Do traditional investors(old people) realize these companies could crumble literally at a moment's notice?

    I'll be very surprised if people are using Facebook in 3-5 years. Why would the entire world choose an advertising platform as their main means of social networking?

    If we have autonomous cars in 3-5 years, why would anyone give Uber enough profit to justify current valuations. Ignoring the other inconvenient fact that Tesla may very well end their existence in 2-3 years. Should be interesting to track. Accepting lopsided partnerships with the likes of Tesla will probably be key.
     
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  4. GoTslaGo

    GoTslaGo Learning Member

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  5. SBenson

    SBenson Active Member

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  6. SBenson

    SBenson Active Member

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  7. Jtrader

    Jtrader Member

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    I don't understand how Uber loses money. It's just an app... and the greatest one ever at that.
     
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  8. Owner

    Owner Active Member

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    A lot of people are sick of Uber's behavior. Just childish stuff from the top. Sexual harassment, ignoring simple laws like getting a permit, etc... #deleteuber is popular

    I moved to Lyft instead as an easy way to support a company that is at least a bit nicer.
     
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  9. jhm

    jhm Well-Known Member

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    Has Uber IPOed yet?
     
  10. swaltner

    swaltner Member

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    The snarky, only semi-helpful reply:

    LMGTFY
     
  11. SBenson

    SBenson Active Member

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    I'm not sure why you asked... But in any case, I don't think they will IPO anytime soon. My theory is that their financials are in complete shambles. They are very secretive about it. Even when they disclose quarterly financials to the tight knight group of current owners/investors, it's not clear if they use any accounting standards or conventions. I'm guessing they don't even have an independent auditor... The other thing they are very secretive about is their self-driving program development. Even that I believe because they are nowhere near they want everyone to believe. If they try to go public or once they are public they will be under a lot of pressure to disclose stuff. So they keep doing these private transactions to avoid the spotlight and suck in as many gullible institutional investors as they can... As geohotz points out they have no way to profitability without self-driving cars. If Tesla comes way ahead there, Uber is toast.
     
  12. GoTslaGo

    GoTslaGo Learning Member

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  13. SBenson

    SBenson Active Member

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  14. voyager

    voyager Member

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    Don't forget the Lewandowski case, the guy who went from Google (Waymo) to Uber taking with him Google' s precious crown juwels re: self-driving tech.
     
  15. SBenson

    SBenson Active Member

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    While Tesla is working on AP 2.0 and looking forward to Alien Dreadnaght 1.0 and 2.0, Uber is working on Travis 2.0

    Exciting!

    Uber CEO to Take Leave, Diminished Role After Workplace Scandals

    I thought Uber will die out of losing on the autonomous race. Who knew things will get accelerated this quickly?

    The one really cool thing about this is that not many retail investors got suckered into this as they didn't go public. It's only big institutional money that got burned. oh well, there is a bit of a bright side to this story.
     
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  16. SBenson

    SBenson Active Member

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  17. SBenson

    SBenson Active Member

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    Apparently, the full c-suite is vacant.

    No CEO, COO, CFO or even CTO.

    It's a miracle how it's running at all.
     
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  18. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Well-Known Member

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    It's almost as if you don't need senior managers for day-to-day operations.
     
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  19. dennis

    dennis P85D

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    Just ask the Tesla Autopilot software engineers.
     
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  20. erthquake

    erthquake Member

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    Isn't autonomy supposed to be their "thing?"
     
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