The expansion of autonomous vehicles (AVs) and robotaxi services could pose a threat to rideshare operators Uber (UBER) and Lyft (LYFT).
TD Cowen Internet and Media Analyst John Blackledge joins Catalysts to give insight into the potential partnerships between rideshare companies and autonomous, self-driving vehicle makers.
Blackledge elaborates on comments from Lyft and Uber CEOs about their excitement for partnering with AVs:
"They have the matching and routing technology for both companies. Big customer bases matching and routing, the payment systems regulatory expertise, and that can drive higher utilization for AV partners over time, and I think [Uber CEO] Dara [Khosrowshahi] mentioned, he thought AV could expand mobility marketplace with lower pricing, which would spur higher adoption, and Uber in particular has the partnership with Waymo in Phoenix."
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