Dump Uber and Buy This “TaaS” Stock Instead

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 Transportation-as-a-Service (TaaS). And it’s possibly the biggest shift in mobility since the rise of automated assembly lines.

TaaS 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, TaaS 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 TaaS 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 TaaS space.

Aurora has already signed deals with carmakers like Hyundai and Fiat Chrysler in order to position itself for the TaaS 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 TaaS stocks that you can invest in today.

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

Check out the following TaaS stock from investing legend Whitney Tilson instead…

Whitney Tilson: Here’s My #1 TaaS Pick (Free)

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While it's getting very little attention in the mainstream press…

Wall Street legend Whitney Tilson, says “an absolute stock market frenzy” is erupting in one small corner of the new technology space…

  • An Ohio company working on this tech soared roughly 500% in two months.
  • A California company considered the leader in this space is up as much as 360% since the start of this year.
  • A New York company entering this space shot up 71% in just two days.
  • A Phoenix company working on this breakthrough recently shot up 104% in a single day.
  • And a Vancouver company shot up as much as a whopping 1,000% since the start of 2020.

And now…

Tilson says the returns in this space are only going to escalate from here, as it enters the next phase.

Tilson – a former hedge fund manager who's twice appeared on 60 Minutes to break big financial stories – says…

“The best thing you can do as an investor is position yourself in front of a massive, inevitable, and booming trend… and that's what we're looking at right here.”

That's why Whitney Tilson and his research team have put together a full analysis, which explains everything you need to know about this new, skyrocketing tech sector.

His analysis also includes the stock name and ticker symbol of their favorite stock pick in this space.

You can access their recent analysis, including the charts, photos, and videos that accompany it, on the Empire Financial Research website, totally free of charge, right here.

There’s NO subscription, NO credit card, and NO e-mail address required to get Tilson’s #1 top stock pick in this booming new sector. Click here to access to Tilson's full analysis and #1 stock pick.