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Uber stockThe Motley Fool
•78% Informative
Uber Technologies (NYSE: UBER ) could be one of the biggest beneficiaries of the shift to autonomous driving.
Autonomy could save Uber substantial amounts of money considering human drivers are currently its largest cost.
The shift to self-driving cars could take a decade or more, but it would eliminate the $67.7 billion per year the company spends on human drivers.
Uber is partnering with 10 different companies developing autonomous vehicles.
Uber could deliver accelerated growth in the coming years as more of the $67.7 billion it spends per year on human drivers is potentially converted into revenue.
Uber's P/S ratio of 3.8 is well below its peak of 8.9 .
Uber stock looks like a prime candidate to turn a $ 200,000 investment today into $1 million within a decade .
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