Calacanis Picks Uber and Tesla as Top Stocks
Investor Jason Calacanis named Uber and Tesla his top picks, predicting both stocks will triple in under five years.
Updated on Nov. 5, 2026 in Investing
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Investor Jason Calacanis named Uber his number one pick alongside Tesla, forecasting that both stocks will triple in under five years. He disclosed purchases of 15,000 Uber shares at $65 for $975,000 and 3,000 Tesla shares at $357 for about $1.07 million.
Why it matters
Calacanis cited Uber's demand, growth, free cash flow, and position in the emerging autonomous vehicle market as reasons for his picks. His public disclosure gives retail investors a concrete example of how a prominent investor is positioning around the shift toward driverless ride-sharing.
Uber's third-quarter gross bookings rose 20% year over year to $59.8 billion, with revenue up 10% to $14.77 billion. Higher fuel prices and driver shortages left Mobility growth one to two percentage points below company expectations.
The players
Jason Calacanis
Calacanis is a prominent investor who publicly shares his stock picks and trades through posts on X.
Uber
Uber is a global ride-sharing and delivery company that is expanding into autonomous vehicles through partnerships.
Tesla
Tesla is an electric vehicle maker that is developing a robotaxi fleet and Cybercab service.
The details
Calacanis disclosed his purchases after buying the shares the previous month and made his picks public through posts on X. He said ride-sharing's share of rides could rise from about 1% to 30% within his lifetime. Tesla's Cybercab rides began in Austin on September 3, and its robotaxi fleet reached nearly 2 million cumulative unsupervised miles by the end of the third quarter.
Timeline
September 3, 2026: Tesla Cybercab rides began in Austin.
End of Q3 2026: Tesla's robotaxi fleet reached nearly 2 million unsupervised miles.
October 2026: Calacanis bought Uber and Tesla shares.
End of 2027: Uber targets more than 2,000 driverless vehicles.
Market Dynamics
The bet centers on the emerging autonomous vehicle race, where Tesla's Cybercab and robotaxi program is pushing into commercial ride service. Investors are weighing whether Uber's existing ride-sharing scale can carry it into driverless operations as Tesla builds its own fleet.
For retail investors, the picks highlight how a single prominent endorsement can draw attention to Uber and Tesla shares. Readers weighing similar positions should compare the forecast against Uber's current growth rates and its reported shortfall in Mobility.
The takeaway
A single investor's public picks can spotlight a stock, but tripling forecasts rest on execution in autonomous ride-sharing that is still unfolding. Compare any forecast against reported growth and profitability before acting on it.
What happens next
Uber plans to launch a driverless Nuro-Lucid service in the Bay Area in early 2027, a milestone that will test its autonomous vehicle strategy.
Further reading
Explore more on Investing to see how analysts weigh high-growth stocks like Uber and Tesla.
Source note: This article includes information reported by Asianet News Network Pvt Ltd.
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