As robotaxis spread and develop they will operate under different constraints to human-driven ones, and reshape cities as a result https://t.co/M14AtJOnr4 ...

Core Insights - Bill Ackman aims to create a "modern Berkshire Hathaway" with Howard Hughes Holdings, drawing inspiration from Warren Buffett's successful investment strategy [2][3] - Ackman's hedge fund, Pershing Square, has outperformed the S&P 500 by 24 points over the last decade, indicating a strong investment track record [3] Company Summaries Alphabet - Alphabet constitutes 19% of Ackman's portfolio and is the largest ad tech company globally, with search advertising accounting for half of its revenue [4][8] - The company has adapted to generative AI by enhancing Google Search with AI features, leading to increased commercial queries, particularly among younger users [5][8] - Google Cloud revenue has accelerated due to demand for AI services, with the development of custom AI chips (TPUs) and the Gemini family of large language models [6][7] - Analysts expect Alphabet's earnings to grow at 16% annually over the next three years, making its current valuation of 32 times earnings reasonable [8][9] Uber - Uber represents 20% of Ackman's portfolio and operates the largest ride-sharing and one of the largest delivery platforms, benefiting from its expansion into grocery and retail [10] - The company estimates that autonomous vehicles could push the U.S. ride-sharing market to $1 trillion, with partnerships with 20 companies, including Alphabet's Waymo for robotaxi services [11][12] - Uber's collaboration with Nvidia aims to advance autonomous driving, targeting 100,000 robotaxis by 2027 and collecting extensive data for development [12][13] - Wall Street anticipates Uber's earnings to increase at 31% annually over the next three years, making its current valuation of 11 times earnings appear attractive [14]

Core Viewpoint - Tesla is focusing on transitioning to robotics and autonomous vehicles (AVs), with CEO Elon Musk prioritizing this shift, which is also tied to his potential $1 trillion pay package [1][2] Group 1: Analyst Perspectives - Some analysts are optimistic about Tesla's self-driving vehicle ambitions, with Stifel analyst Stephen Gengaro suggesting a potential 25% increase in Tesla's stock if AV goals are met [3][4] - Analysts believe that robotaxis will be a significant growth area for Tesla, with Gengaro emphasizing the importance of the full self-driving system and robotaxi services in his valuation [4] - The autonomous vehicle market is projected to be worth $1.4 trillion by 2040, supporting the long-term opportunity for Tesla in this sector [5] Group 2: Financial Projections - Cathie Wood of Ark Invest estimates that by 2029, 90% of Tesla's enterprise value and earnings could derive from autonomous systems [6] - Wedbush's Dan Ives predicts Tesla's market cap could reach $2 trillion by the end of next year due to its AV initiatives [6] - Gene Munster forecasts that up to 40% of Tesla's operating income could come from robotaxis and licensing full self-driving technology by 2030 [6] Group 3: Current Challenges - Tesla's financial performance is currently under pressure, with GAAP net income declining 37% to $1.4 billion in Q3, while operating expenses increased by 50% to $3.4 billion [8] - The company faces significant costs in developing its Cybercabs and investing in AV technologies, compounded by the expiration of EV tax credits and a shift in consumer interest towards hybrids [9][10] - Despite the challenges, Tesla's ambitions in the autonomous vehicle space are not necessarily doomed, but investors are advised to adopt a cautious approach given the current financial landscape [10][11]

"Elon Musk is working on the most important areas of A.I. xAI is working on foundation cognitive intelligence A.I., Tesla is working on autonomous vehicles. Optimus is for humanoid robotics. He is very optimistic about the future of A.I."https://t.co/TdQGLZ228a ...

Tesla Trade - Ark Invest sold 27,102 shares of Tesla from its ARK Innovation ETF, with the stock closing at $426.58, up by 1.71% on the day [2] - The sale occurred after Tesla's market cap increased by $90 billion, driven by enthusiasm for its AI and autonomous vehicle initiatives, despite mixed signals from its latest quarterly results [3] - The total value of the Tesla shares sold is approximately $11.6 million [3] Coinbase Trade - Ark Invest increased its position in Coinbase by purchasing 62,166 shares across multiple ETFs, with Coinbase's stock closing at $264.97, marking a 4.27% increase [4] - Despite strong third-quarter results, including $1.9 billion in revenue and $1.50 EPS, Argus Research downgraded Coinbase to Hold due to stretched valuations, noting it trades at 39 times its 2026 earnings forecast [5] - The total value of the Coinbase shares purchased is nearly $16.5 million [4] Deere & Co Trade - Ark Invest acquired 30,518 shares of Deere & Co. across various ETFs, with Deere's stock closing at $469.87, down by 5.67% following its fourth-quarter earnings report [6][7] - Deere reported EPS of $3.93 and quarterly sales of $12.39 billion, both exceeding expectations, with revenue up 11% year over year [7] - The total value of the Deere shares bought is approximately $14.3 million, indicating a strategic bet on the company's future recovery [8]

Core Insights - Tesla CEO Elon Musk has expressed ambitious plans to produce chips at higher volumes than all other AI chips combined, following the approval of a $1 trillion pay package by shareholders [1] - The strategy centers around artificial intelligence, which is crucial for Tesla's goals in autonomous vehicles, humanoid robots, and energy solutions [2] Chip Development - Tesla's chips are primarily designed for automotive applications, contrasting with Nvidia and AMD's GPUs that are aimed at general-purpose data centers [3] - The HW3 chip, introduced in 2019, operates at 72 TOPS per chip and 144 TOPS per board, optimized for low cost and power consumption in vehicles [4] - The HW4 chip, launched in 2023, offers 2x-4x better performance than HW3, utilizing Samsung's 7-nanometer technology for improved energy efficiency and thermal behavior [5] Application in Robotics - The same chip technology (HW3 and HW4) is applied in Tesla's humanoid robots, Optimus, enhancing their capabilities in vision perception, motion planning, and control [6]

Our children won’t learn to drive a car. ...

China’s https://t.co/GobvZ5M5lo plans to triple global robotaxi fleet by the end of 2026 https://t.co/hcvd7lWk52 ...

Autonomous Driving Development - Zoox's purpose-built vehicles lack steering wheels, mirrors, and pedals [1] - Zoox is not yet charging for rides in its autonomous vehicles [1] - Zoox anticipates receiving a commercial waiver from regulators soon [1] Regulatory Outlook - The company expects a commercial waiver from regulators is close [1]

Core Insights - Uber's stock price is currently around 91 dollars, reflecting a significant increase over the past year due to revenue growth and improved operating efficiency, despite volatility linked to tech-sector sentiment and regulatory changes [2][4] - The company achieved consistent profitability in late 2024, leading to a trailing P/E ratio of 11.69, the lowest since its IPO, while a forward P/E of 21.83 indicates expectations for continued earnings growth [2][4] - Analysts project Uber's stock could reach 184 dollars by 2030, with a consensus price target of 109.25 dollars, suggesting a potential upside of approximately 26 percent from current levels [5][7] Company Overview - Uber is transitioning from a ride-hailing service to a comprehensive mobility and logistics platform, with significant investments in technology and expansion in delivery and freight services [4][12] - The stock is favored by growth-oriented investors, but it remains in a "higher risk, higher reward" category due to regulatory, competitive, and macroeconomic factors [4][20] Financial Projections - For 2025, projections indicate cautious optimism, with expected stock prices ranging from a bullish prediction of 83.61 dollars to a bearish prediction of 69.89 dollars [8][16] - By 2030, bullish scenarios suggest Uber could solidify its dominance in multiple sectors, while bearish scenarios highlight risks from competition and regulatory challenges [19][20] Analyst Sentiment - A majority of analysts (29 out of 38) rate Uber as a Buy or Outperform, with the most optimistic forecasts reaching 150 dollars [7][12] - Recent analyst calls imply an average price target of 114.33 dollars, indicating a positive outlook for the stock [7] Growth Drivers - Sustained revenue growth and profitability across core segments, along with diversification into high-margin revenue streams such as autonomous vehicles and healthcare-related services, are key components of the bullish outlook [12][19] - International expansion in emerging markets is expected to enhance long-term growth prospects [12] Risks and Challenges - Regulatory risks, particularly around gig worker classification, could significantly impact costs and operational structure [13][14] - Competitive pressures from both traditional and new market entrants may limit market share and pricing power [13][14]