Gary Black said Tesla’s autonomous network would not make Uber irrelevant.

Future Fund Co., Ltd. Management Partners Gary Black question Tesla Inc‘ TSLA Autonomous driving networks may be broken Uber Technologies Inc. Uberpointing out that the large user base of riding giants is a key competitive advantage.

what happened: In an article on Thursday X, Black believes that Uber’s 170 million monthly active users will make it difficult for Tesla to build a strong enough competitive network.

He compared the situation to Amazon.com Inc.‘ Amzn Dominance in e-commerce, the platform’s 310 million monthly active users make it almost impossible for individual businessmen to compete effectively.

“Crisier automatic rides will be an option on Uber apps. If TSLA bans its owner from joining the Uber platform, other manufacturers will be happy to fill the gap.

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Why it matters: The comments were posted when Tesla aims to start its Robotaxi service in Texas and California in 2025, with regulatory approvals coming soon. CEO during Tesla’s recent fourth-quarter earnings call Elon Musk While the initial rollout may require security drivers in certain jurisdictions, confidence is expressed in operating driverless paid rides.

Meanwhile, Uber Hub’s autonomous driving strategy, Alphabet Inc.‘ GOOGL GOOG Waymo To provide driverless rides through its platform in 2025. Under this model, Uber will handle fleet maintenance while making a certain percentage of driverless taxi bookings.

BANK in the United States Analyst John Murphy Tesla’s Robotaxi segment is estimated to account for 50% of the company’s valuation, worth $420 billion in the United States and more than $800 billion worldwide. However, the company faces significant regulatory hurdles and technical challenges in achieving fully autonomous driving capabilities.

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Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.