Billionaire investor Bill Ackman believes the market's anxiety over Tesla Inc.'s (NASDAQ:TSLA) upcoming autonomous fleet has severely mispriced Uber Technologies Inc.
(NASDAQ:UBER), creating a highly lucrative entry point for investors.
Rather than spelling the end for the ride-hailing giant, Ackman argues that Uber's underlying aggregator model will easily survive the robotic disruption.
The 'Aggregator Layer' Advantage For months, the impending launch of a "Tesla, you know, taxi" has cast a shadow over Uber's stock, with investors fearing the electric vehicle manufacturer will render traditional ride-hailing platforms obsolete.
However, Ackman, who holds Uber in a Pershing Square portfolio built for multi-decade predictability, during an interview with Money News Network on Monday, said that he views this fear as fundamentally flawed.
