When companies crash and burn, many people tend to turn their focus on how much money has been lost, but what you should be looking at is how much money you can make.
This company has been slowly on its way down for a little while, but it might’ve just been pushed off the tipping point by this country’s move to illegalize its product. Making the right moves could mean that you’ll be cashing a nice check for $12,510.
I’ve warned you about the demise of this company before, but this latest news could start a very profitable domino effect…
Back in November we spoke about Uber’s push into the autonomous car market, and about how they’re looking to make all their cars autonomous, eliminating the need for contracted drivers behind the wheels.
I also pointed out to you that Goldman Sachs has stated that it estimates driverless cars could make up as much as 60% of auto sales in the U.S. by 2030.
Which then posed the question: Why would anyone need to call an Uber if their car is driverless?
Uber is also not doing itself any favors by finding itself in negative headlines that are plagued with sexual harassment claims.
Uber is being squeezed out of the market before it’s had the chance to think about going public.
The latest harming news comes from the Swedish company’s international neighbor.
Denmark has completely kicked Uber out of its country after passing a law that restricts the pseudo-taxi service from operating within its borders.
Immediately on the back of this news, three key players in the autonomous car industry saw their stocks take significant jumps:
General Motors (GM) jumped 4.5%, Tesla (TSLA) jumped 4%, and Ford (F) jumped 3%.
And these are the companies you’re going to use to get your $12,510 check.
Assuming that Uber is on its way out (which I would back, considering we’ll be riding around in our own driverless cars before we know it) these 3 companies should continue their profitable runs as news of Uber’s demise continues to pour out.
Their historical performances alone are key indicators that we’ll be able to take this nice payout very soon.
In the last four years, GM has gained 138%, Ford has gained 116%, and Tesla has gained a whopping 697%.
This growth was all happening while Uber looked like a strong competitor that might make people second-guess purchasing a car.
But since then, Uber has seen all these negative signs, making way for those three car companies to rise even faster.
Even if these companies where to double their growth (which is conservative considering Uber was a very strong barrier) you could invest $1,000 into each of these companies and receive your $12,510 check.
Uber looked like it was going to break into the stock market in full force over the last few years, but with the autonomous car market rapidly expanding, along with Denmark kicking the company out, I’d place my money on the companies that are going to take full advantage of their demise.
