Reported about 6 hours ago
Following Tesla's robotaxi event, which did not meet investor expectations, stocks for rideshare companies Uber and Lyft saw a significant increase. Market analysts noted that the anticipation surrounding Tesla's potential impact on the rideshare market had put pressure on Uber and Lyft. However, with the event showcasing the challenges in establishing a scalable robotaxi service, investors found relief, resulting in a boost for both companies. Moving forward, growth in advertising and subscription services could be the next major growth drivers for Uber and Lyft.
Source: YAHOO