Future Fund managing partner and longtime Tesla bull Gary Black challenged popular investor assumptions this week, arguing that Uber could outpace Tesla in the driverless ride-hailing space. Gary Black compared Uber’s potential move to autonomous vehicles to Netflix’s 2007 pivot from DVDs to streaming. He argued that Uber will disrupt its ride-hailing model to embrace driverless tech, a shift some Tesla supporters overlook. Black believes ride-sharing firms like Uber and Lyft will gain from autonomous technology by halving per-mile costs, with Uber’s 24 million riders giving it a competitive edge. Black has criticized Tesla’s 20 million vehicle delivery target for 2030, noting that Wall Street expects closer to 3.9 million. He warned that Tesla lacks a rider network and may not profit from ride-hailing for years.
