Uber remains valuable despite robo-taxi competition due to its hybrid model handling variable demand better than pure autonomous networks.

So, I'll be giving some thoughts on this as many investors have concluded at the launch of the Cybertruck that Uber is dead. Even Ross Gerber said that Uber is toast.

And many people, including Ross Gerber, believes eventually this will lead to Uber getting cooked. I think humans have to differentiate the service level from the robo-taxis, and then they'll be able to compete, but on a whole, I think Uber's cooked.

The thought here is as robo-taxis continue to grow and spread, Uber's in a lot of trouble. And I don't believe that that's really the case, at least to the extent that people are trying to argue.

One of the things that I think a lot of investors are leaving out is the concept of highly variable demand. A robo-taxi network either has to decide between handling the normalized demand, the dark blue hours here, and then they don't have enough vehicles for the peak demand, or they have to overinvest and buy too many vehicles just to handle the times of peak demand, then they have way too many vehicles being inefficient and ineffective during the normalized demand.

This is a problem that Uber solves because Uber has variable demand. Uber can have people jump on the app and use their car that's in their garage whenever there's peak demand.

People can leave their homes, they can go into the Uber network, they can start taking rides when demand spikes. And in most cities across the US and most territory, demand is incredibly variable.

There are only a couple of hours per day where you need a lot of rides, and you need them all at once. And then the rest of the day there's really not nearly as much traffic. That's rush hour.

Now, the best situation here is a hybrid approach. One where you have some vehicles, some vehicles that can always go around, that they can handle the normalized demand throughout the normal hours, but then you also have humans in the loop.

Uber already has the hybrid approach. They already have all the human drivers, and they're introducing and continually partnering with the robo-taxis. Uber is doing the same thing with robotaxi's.

They have driverless vehicles already on their network and they're doing more and more of them.

So, having this hybrid approach I think is the best end game. It makes the most sense. It satisfies the stable demand throughout the day and the peak variable demand that's all driven in a couple hours.

Uber can utilize both of these and Uber will remain very valuable if people realize that they can always get a ride with Uber because there's always enough people to fulfill the demand.