Uber (Uber) and Lyft (Lyft) Actions both fell by more than 2% on Friday after Canaccord Genuity lowered the bought driving platforms when analyst George Gianarikas assumed the coverage of the shares the previous day.
Gianarikas said that it would only take 411,000 robotaxis to replace all Uber and Lyft drivers in the United States.
“Now we are not sure that everything happens so quickly, but there is a lot of non -zero probability as it is.”
While platforms have integrated robotaxis into their offers – for example, Uber has teamed up with Waymo, and Lyft with Mobileye and others – Gianarikas said that the “hybrid” approach may not help them in a future market dominated by Robotax.
“The challenge for Uberlyft is the duration of the duration of a hybrid network, then the value they can add in a long term in a new paradigm,” he wrote.
“The future could be brilliant: the value added in the world AV through hybrid human robot networks, solid operations on the ground and other tactical elements,” he added. “An alternative scenario is also plausible: a new world dominated by a few AV giants which control the value chain and let Uberlyft reflect on gold days in the past. It is not clear.”
