Fifty years ago, buying and owning a car was considered one the ultimate signs of maturity and adulthood.
But he mindset of owning a vehicle to gain personal freedom has vanished right before our eyes.
And in its place, lies a potential $6 trillion megatrend that is taking over Wall Street…
That trend is called Transportation-as-a-Service (TaaS). And it’s possibly the biggest shift in mobility since the rise of automated assembly lines.
TaaS is a radical shift away from the old transportation model that involved personal ownership of a vehicle, and towards mobility solutions provided as services.
Over the last decade, TaaS is quickly turning the $6 trillion global transportation industry on its head.
One company has led the charge: Uber Technologies Inc. (NYSE: UBER).
But the amount of ride-sharing revenue from Uber’s core business has plummeted drastically.
And with its profitability dwindling, Uber has been forced to give up on possibly its biggest future money-maker of them all…
The self-driving electric vehicle dream is over for Uber.
Everyone knows that self-driving electric vehicle technology may completely replace the transportation industry in the next few decades.
But while Uber has parted ways with its self-driving EV dream, you don’t have to…
Check out the following TaaS stock from an investing legend instead and you’ll receive ongoing updates from Market Junkie.
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