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Billionaire Investor Chamath Palihapitiya Ranks Tesla’s Non-EV Businesses, Picks This As No. 1 ‘Absolute Probably By An Order Of Magnitude’

Venture capitalist Chamath Palihapitiya revealed his surprising ranking of Tesla Inc.‘s (NASDAQ:TSLA) ventures beyond electric vehicles. He declared “Ride-sharing is number one. And the absolute probably by an order of magnitude,” when asked about the company’s biggest potential growth areas. The Autopilot-Fueled Revolution? Palihapitiya’s bullishness on ride-sharing stems from its potential synergy with Tesla’s self-driving technology.  “In order for ride-sharing and ride-hailing to really work the way that they envision it, you will have level five autonomy supported in jurisdictions where… you can summon a car from your app and if you don’t have access to a mobile phone, you can go to these bus stop equivalents and just press a button and the car comes to you,” he said on the latest episode of the All-In Podcast. This seamless user experience, he believes, powered by Tesla’s Autopilot technology, is “a gargantuan game changer.” “Just to contrast, Uber and Lyft seemingly are profitable because they find pricing power to raise prices. So if Tesla enters in as the third player in that field and just guts pricing, which I …Full story available on Benzinga.com