Jason Calacanis Discloses $2.24M in Uber, Tesla and Netflix Buys

what happened

Jason Calacanis, an early Uber backer, said on X that he has bought shares of three companies for a combined $2.24 million. He acquired 15,000 Uber shares at $65, a $975,000 outlay, and 3,000 Tesla shares at $357, worth about $1.07 million. He also picked up 3,000 Netflix shares at $63. According to Stocktwits, the trades were made over the past two weeks.

His 12-month Uber target of $120 implies roughly 85% upside from entry, while his $500 Tesla target points to about 40% and his $90 Netflix target to about 43%. At those levels he estimates the Uber position could gain $825,000 and the Tesla stake $429,000. Calacanis also sees Tesla holding 40% of the autonomous vehicle market, Uber and its 20 partners 35%, and Waymo 15%.

Last month he took small stakes in WeRide, Pony.ai, Lucid and Rivian, predicting all four will be acquired within two years. He also said Waymo would likely buy Lucid or Rivian, citing concerns over Chinese-built vehicles. He added that his Uber purchase depends on price: at $100 a share he would not make the trade.

why it matters

Trades by a single investor carry little weight for the broader market, but they show how private capital views the robotaxi race, where Tesla, Uber and Waymo are seen as leading players and consolidation is a possible outcome. For Uber and Tesla shares, such public bets mainly signal sentiment rather than a directional call.

tags

instruments