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Billionaire investor Bill Ackman believes the market’s anxiety over Tesla Inc.‘s TSLA upcoming autonomous fleet has severely mispriced Uber Technologies Inc. UBER, creating a highly lucrative entry point for investors.
Rather than spelling the end for the ride-hailing giant, Ackman argues that Uber’s underlying aggregator model will easily survive the robotic disruption.
The ‘Aggregator Layer’ Advantage
For months, the impending launch of a “Tesla, you know, taxi” has cast a shadow over Uber’s stock, with investors fearing the electric vehicle manufacturer will render traditional ride-hailing platforms obsolete.
However, Ackman, who holds Uber in a Pershing Square portfolio built for multi-decade predictability, during an interview with Money News Network on Monday, said that he views this fear as fundamentally flawed.
Ackman’s core thesis is behavioral rather than strictly competitive. He argues that the inherent value of Uber lies entirely in its robust “aggregator layer.”
Even if Tesla successfully scales a massive autonomous fleet to supply a real share of rides, consumers are already deeply habituated to opening the Uber app to comparison-shop for the best options available.
Consumer Behavior Drives the Bull Case
According to Ackman, people prioritize convenience and price over the brand of the vehicle picking them up. As a result, Uber’s market dominance remains fully intact regardless of the cars on the road.
“I go back to the Uber example,” Ackman noted. “Almost everyone’s had experience with the service Uber and I think it’s an amazing service and the stock is very cheap today because people believe that the Tesla taxi, if you will, is going to disrupt Uber.”
Ultimately, the consumer will dictate the winner of the autonomous ride-hailing wars. Ackman remains confident that everyday riders will instinctively bypass a manufacturer-specific platform.
“The consumer is going to the Uber platform to order their car as opposed to, you know, the Tesla app,” Ackman explained. “Because you want, you know, the lowest cost car that’s going to get you from place A to B in the shortest period of time.”
How Has UBER Performed In 2026?
UBER shares were down 11.68% year-to-date, up 0.74% over the last month, and lower by 20.33% over the year. It closed down 0.40% at $72.17 per share on Monday, and it was up 0.15% in premarket on Tuesday.
Benzinga’s Edge Stock Rankings indicate that UBER maintains a weak price trend in the short, medium, and long terms, with a solid growth score.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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This article Bill Ackman Says Tesla Robotaxi Fears Are Creating a 'Very Cheap' Buying Opportunity for UBER originally appeared on Benzinga.com.
