Menu

Search

  |   Technology

Menu

  |   Technology

Search

Can Elon Musk Save Uber? A Prominent Investor Thinks So

There’s no denying that Uber is in a lot of trouble right now and the company is having a tough time finding a suitable CEO to replace Travis Kalanick. However, one investor who has a stake in both Uber and Tesla is suggesting that a merger between the two companies should happen and Elon Musk should be given the reins. Doing so can supposedly make the resulting entity the ultimate transportation firm.

The call for a merger came from Jason Calacanis, an early investor in the two companies, Electrek recently reported. According to him, combining the technology and reach of the two entities could allow them to be the top force in transportation.

Calacanis made the pronouncement during a recent segment of his podcast called "This Week in Startups” where he noted that Musk as a leader could bring everyone to the table and solve the crisis that Uber is experiencing.

“If those two companies were together, they would beat everybody at transportation. They’re on a collision course for sure,” he said.

On that note, it’s worth pointing out that Tesla really would not have much to gain if it does agree to a merger with Uber. At its core, the company is simply built around an app, whereas Tesla is a technology behemoth with a private space agency under its wing. Both companies are certainly aiming to make drivers less necessary behind the wheel but for completely different reasons.

With regards to the self-driving aspect, Tesla is also way ahead of everybody else, Futurism notes. If it decides to get into the cab-hailing game that involves driverless cars, it would be much more profitable for the company to simply go its own way. It’s not as if this is too far-fetched for Musk, who is known for succeeding in fields he has no business being in.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.