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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/21/2016 6:46:07 AM
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Tesla and Uber have more in common than you might think

While the idea of Tesla car-sharing seems new, it is not the first time the company’s cars, coupled with autonomous technology, have come up in discussions about the sharing economy.

Back in 2015, Steve Jurvetson, a partner at Uber investor DFJ, told an audience that Uber’s Travis Kalanick had indicated he would buy every Tesla car produced if they could be made autonomous by 2020.

These were the days when it appeared a Uber and Tesla partnership could be on the horizon. Musk himself paused long enough on an earnings call to raise suspicions when discussing the possibility of such a partnership.

These days, it seems that Uber has gone its own way in developing an autonomous car solution. And with today’s announcement from Musk, it appears Tesla is doing the same.

techcrunch.com

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