Tesla vs. Uber: Which Autonomous Vehicle Stock Will Outperform?

Investment Committee's Second Half Outlook

• 🎯 The 'Halftime' Investment Committee debated the performance of Tesla and Uber for the second half of the year.
• 💡 While Uber is up 51% year-to-date and Tesla is down 19%, the committee discussed their performance over the past year, with Uber up 29% and Tesla up 64%.

Arguments for Uber

• 🚗 Stephanie Link favors Uber due to its diversification across ride-sharing, food delivery, and new products.
• 📈 She highlights Uber's growth trends of 15% gross bookings and 35% ebidog growth, making its valuation of 26 times more sensible.
• 🌐 The total addressable market for autonomous vehicles is projected to grow from $1.5 billion this year to $13 billion by 2030, a 32% CAGR, indicating room for both companies to succeed.

Arguments for Tesla

• 🤖 Kevin favors Tesla based on its focus on robots and belief in full self-driving technology.
• ⚡ Bren sees an opportunity for a total return trade by selling calls against Tesla, potentially outperforming Uber's returns.

Committee Consensus and Recommendations

• 🤝 The committee generally agrees that both Tesla and Uber can be held in a diversified portfolio, as they are not mutually exclusive.
• 📊 For a total return perspective over the next 12 months, the consensus leans towards Uber outperforming.
• ❓ If forced to buy one stock fresh today, the majority recommendation is Uber.