Originally Posted by
27/09
Uber can ignore all the rules it likes but it takes money to develop this technology.
Uber has never made a profit. Where is all the money going to come from? The foray into the taxi business didn't require any new bleeding edge technology, just a rather slick app with some background IT. There's a major quantum step to running Uber air taxis using electric VTOL aircraft.
Also integration into the airspace system is another major step up compared to driving on public roads.
Just suspend belief in the facts, demonstrated technology and indeed their history and this idea really flies. Ought be good for a 10% share price pop.
Rather like that other misunderstood genius Elon. Despite its last capital raising falling short, the last investor conference call denied any cash-flow issues. Demand to the moon, yet strangely their quarterly deliveries fall short.
A few days later, Elon issues a cash warning stating all expenditures over USD $1 million requires CFO approval..
Don't worry you will be living on Mars next year in a Tesla venture.