Flying Cars Are Nearly Here! 🚁

Table of Contents

Flying Cars Are Nearly Here!

At CES 2020 in Las Vegas today, Uber plans to deliver on a century-old promise. With the help of Boeing, Bell, Embraer, and now Hyundai, an urban air taxi service called Uber Elevate could soon take flight. But will it arrive on-time for Uber investors? 

Fast-moving hi-tech doesn’t have time to sit in traffic! Elon Musk’s Boring Co. is tunneling underneath it with Hyperloop networks, and now Uber is flying over it in electrically-powered Personal Air Vehicles (PAVs). 

Specks in the sky at 1000-to-2000 feet, PAVs look like remote-controlled helicopters in their mockups. They’ll be unmanned and ready for take-off commercially in about five years. They could be worth the wait!

Uber says the 50-mile trip from near its headquarters to the heart of Silicon Valley would take just 15 minutes, implying a speed of 200 miles per hour over urban terrain! We’d all travel on shared flights of up to four people in an “aerial offering that’s safe, quiet, and environmentally conscious.” It’s tipped to be ready for testing in cities this year, so keep one eye to the sky!

Uber, well known as a disruptor, needs to Elevate to prevent being disrupted. The threat of self-driving cars to its ride-hailing business has upped the ante for Uber to turn into an all-round transportation company. 

Japanese automaker Hyundai brings to the table a production line. The more efficiently these air vehicles can be made, the cheaper passenger costs per trip. The company is also working on ‘Skyport’ air terminals and shuttles needed for the final mile.

Investors will be furiously taking notes during Uber’s presentation today as shares in the tech unicorn struggle to run on just hopes of profits, rather than actual profits. Motorola will also be at CES with a foldable phone, Adobe with a buzzer-less doorbell, and Samsung with some phones and a giant QLED TV called ‘The Wall.’ 

Tune in to see what new gadgets could be commercialized next!

Share:
More Posts
PGA Tour Enters Investment Talks 💪

As reported on Thursday, both Endeavor Group and Fenway Sports have displayed interest and begun discussions to provide investment in the PGA Tour.

Nike Just Didn’t Do It 📉

Providing one of the biggest earnings reports of the week, $140 billion shoe and clothing retailer Nike posted a significant slip.

Market Recap – September 28th 💰

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Friday’s PCE price index reading.

The Crude Oil Bust 🛢

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.