Stock Showdown: Who Will Win the Last-Mile Delivery Race?

Welcome to the Autonomous Revolution

Advances in artificial intelligence (AI) are expected to contribute an astounding $200 trillion to the global economy by 2030.

We’ve shown you our AI winners here before, like this “undercover” double-your-money player at just $3.

But this growth is particularly pronounced in autonomous self-driving vehicles, considered the “biggest AI project in the world” by Cathie Wood of Ark Investment Management.

Now, I don’t always agree with Wood – but when it comes to her enthusiasm for driverless cars… I’m on board.

Citing the technology’s ability to eliminate human error and save lives, she estimated that the global robotaxi market could hit $8 to $10 trillion by 2030.

Imagine a world where your dinner, groceries, or even a new pair of shoes are delivered not by a person, but by a self-driving car.

This isn’t a scene from a sci-fi movie; it’s the future battleground for DoorDash (DASH), Uber (UBER), and Tesla (TSLA).

These three companies – a food delivery company, a ride-hailing app, and an EV (electric vehicle) maker – each a leader in its own right, are now converging in the same lane: the last-mile delivery race.

The question isn’t just about who will deliver your next meal or parcel. It’s about who will redefine the very concept of delivery in an autonomous world.

LikeFolio data suggests each of these names is gaining steam. But each presents a different opportunity for investors in the near term.

Take a look at who’s winning this race today in another Stock Showdown from Derby City Daily…

Last-Mile Delivery Showdown

• Uber: The Ride-Hailing Giant Pivots

Uber, already a behemoth in the ride-hailing space with a 25% global market share, is making strategic moves. By partnering with AV tech giants like Motional and Alphabet’s (GOOGL) Waymo, Uber is eyeing a future where its fleet is self-driving – and self-delivering.

Imagine Uber’s cars seamlessly switching between ferrying passengers and delivering packages, slashing the company’s biggest cost: driver earnings.

Uber appears to have garnered the most market momentum, with shares popping drastically over the last month or so. LikeFolio data does support the move higher: Mentions are up by 28% year-over-year.

But we may wait for pullbacks for new entries (assuming mention growth continues).

• DoorDash: From Food to Everything

DoorDash, synonymous with food delivery, is now eyeing a bigger prize. With its vast network and brand recognition, DoorDash could easily pivot its model to include autonomous delivery of a wide range of products – well beyond dinner.

DoorDash has been working on food-delivery robots for years, but this expansion could redefine the company from a food delivery service to a comprehensive last-mile delivery solution.

DoorDash presents a bit of a mixed signal. DASH shares are trading well below COVID highs but are up 80% year-over-year. While the company is expanding offerings, we haven’t seen significant traction just yet.

We’re neutral until we start to see the buzz pick up a bit.

• Tesla: The EV Maker’s Surprising Entry

Then there’s Tesla – the EV king. Known for its (increasingly affordable) electric vehicles and ambitious CEO, Tesla is an unexpected but formidable contender in this race.

With its advanced technology in EVs and AI, Tesla could disrupt the last-mile delivery market, bringing its brand of innovation and efficiency to how we receive goods.

Tesla shares continue to trade well below two-year highs, despite rising consumer buzz, increased affordability, and an official Cybertruck launch.

We’re bullish on TSLA from here.

The Bottom Line

In this race, the winner will not only claim a share of a multitrillion-dollar market, but will also set the pace for how technology shapes our everyday lives.

DoorDash, Uber, and Tesla are not just changing how we think about delivery; they’re steering us towards a future where convenience, efficiency, and technology converge in the most unexpected ways.

Keep your eyes on the road ahead: The race for last-mile delivery is just getting started.

For more of our biggest predictions for 2024, be sure to check out our just-released broadcast right here.

There’s no better way to set yourself up for profits in the new year.

Until next time,

Andy Swan
Founder, LikeFolio

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