Uber/Lyft own demand; autonomy expands supply 5-10x and cuts cost to $1/mile
Ride-sharing platforms own demand (smiling curve); autonomy converts human drivers ($2-3/mile) to robotaxis (~$1/mile) available 24/7, increasing vehicles within 5-mile radius from 10 to 50+; wait times drop from 15min to 2min, expanding TAM dramatically; off-peak utilization enables grocery/robot delivery innovation; Uber forward PE <20 with 18% growth.