Uber Considers Autonomous Vehicles
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Technology
1 Glorious Growth Stock That Could Turn $200,000 Into $1 Million by 2035
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Uber Technologies (NYSE: UBER ) operates the world's largest ride-hailing network, food delivery and commercial freight services.
It relies on 8.5 million drivers and couriers to fulfill demand from its 170 million monthly active customers.
Uber has signed partnerships with 18 companies that develop autonomous cars, robots, and even aircraft.
Autonomous vehicles have the potential to transform Uber 's economics.
Uber stands to pocket an extra $18 billion every quarter if it can eliminate human drivers completely.
As long as the company's revenue growth averages 17.5% over the next 10 years , it will lay the foundation for a fivefold return in its stock.
Uber is expected to grow its revenue by just 14% annually for the next two years .
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