Fifty years ago, buying and owning a car was considered one the ultimate signs of maturity and adulthood.

The purchase of a vehicle largely signaled a transition in life from adolescence to early adulthood. It symbolized complete individual freedom.

But times have drastically changed in recent years…

With rapid urbanization, an increase in traffic levels across the country, and environmental concerns about vehicle exhaust contributing to climate change…

The mindset of owning a vehicle to gain personal freedom has vanished right before our eyes.

And in its place, lies a potential $6 trillion megatrend that is taking over Wall Street…

That trend is called Shared Autonomous Vehicle (SAV). And it’s possibly the biggest shift in mobility since the rise of automated assembly lines.

SAV is a radical shift away from the old transportation model that involved personal ownership of a vehicle, and towards mobility solutions provided as services.

Over the last decade, SAV is quickly turning the $6 trillion global transportation industry on its head.

One company has led the charge: Uber Technologies Inc. (NYSE: UBER).

Uber is currently the most popular ride-sharing application in the U.S.

In addition to its core ride-sharing business, Uber has also diversified into other SAV services like food delivery (Uber Eats), on-demand scooters and bicycles, and self-driving electric vehicles.

Uber Eats has boomed during the pandemic, as stay-at-home orders have erased almost all restaurant revenues.

But the amount of ride-sharing revenue from Uber’s core business has plummeted drastically for the same reasons.

In fact, gross ride-share bookings are down 73% from last year.

Because of this, the company’s finances have struggled massively.

And with its profitability dwindling, Uber has been forced to give up on possibly its biggest future money-maker of them all…

The Self-Driving Electric Vehicle Dream is Over for Uber

In 2015, Uber’s CEO acquired 40 robotics engineers from the National Robotics Engineering Center at Carnegie Mellon to form a world class team that was supposed to make self-driving electric vehicles a reality in the not-so-distant future.

But in the face of recent financial pressures of the global pandemic, Uber has been forced to sell off its self-driving unit to a self-driving-tech developer called Aurora.

With this deal, Aurora’s valuation has risen to $10 billion in the private markets.

In many ways, this sale can be seen as a desperation move to save Uber’s core ride-sharing and food delivery businesses.

The business impact of this move could be massive.

Everyone knows that self-driving electric vehicle technology may completely replace the transportation industry in the next few decades.

EV battery technology is progressing at a rapid pace, and self-driving software is becoming safer and safer every day with the acquisition of more data.

Uber’s sale has essentially jeopardized its long-term future profitable growth business to save the company from near-term collapse.

Because of this move, investors on Wall Street are turning their eyes towards companies like Aurora with high growth possibilities in the EV and SAV space.

Aurora has already signed deals with carmakers like Hyundai and Fiat Chrysler in order to position itself for the SAV revolution that’s still to some.

While Uber has parted ways with its self-driving EV dream, you don’t have to…

There are still plenty of other high-growth EV and SAV stocks that you can invest in today.

Don’t miss out on your opportunity to be a part of the SAV revolution.

Check out the following SAV play Jeff Brown found that could put an extra $30,000 in your pocket every year…

Watch Demo of Elon Musk’s Next Big Project: SAV

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