Tesla, Uber Could Triple In 5 Years? Elon Musk Ally Jason Calacanis Says Both Stocks Are '50% Undervalued'

What happened

Jason Calacanis, an early Uber investor and Elon Musk ally, said Tesla and Uber shares are 50% undervalued and predicted both could triple in under five years as ride-sharing expands. He cited strong demand, growth, free cash flow and opportunities in the emerging autonomous-vehicle market, and said he bought $1 million of each stock last month.

Confirmed

Global impact / market context

Calacanis links the companies’ potential growth to ride-sharing taking a larger share of trips and to progress in autonomous vehicles. If those trends expand demand for their services, revenue could rise; however, his claims are forecasts, not evidence that the shares will reach his targets.

Analyst inference

The article presents this as one investor’s bullish view, not a company forecast or an established market consensus. Calacanis’s prediction depends on ride-sharing growing from about 1% of rides to 30% within his lifetime, alongside stronger autonomous-vehicle progress.

Confirmed

What to watch

1. Watch for ride-sharing’s share of rides to increase from the roughly 1% cited in the article; broader use would support the demand growth behind Calacanis’s forecast. Analyst inference
2. Track whether Tesla and Uber report continued demand, growth and free cash flow, the factors Calacanis cited when naming them his top picks. Analyst inference
3. Look for evidence that autonomous-vehicle progress translates into more ride-sharing services; the article identifies this emerging market as an opportunity for both companies. Analyst inference

Evidence

• stocktwits.com