Reported about 7 hours ago
Uber and Lyft stocks rose sharply after Elon Musk's vague presentation of the Tesla Cybercab, a new self-driving vehicle concept. While Musk claimed production might start in 2026, investors were disappointed by the lack of specific details regarding Tesla's autonomous vehicle capabilities, causing Tesla shares to fall. Analysts view the event as a favorable outcome for Uber, with Uber's CEO suggesting that robotaxis will not substantially impact the fleet for several more years.
Source: YAHOO