Telsa's 'toothless' robotaxi reveal sends Uber and Lyft stocks soaring

Tesla's Disappointing Robotaxi Event Sent Shares of Uber and Lyft Soaring

Best-Case Scenario Tesla's stock took a dive following its much-hyped but disappointingly lackluster robotaxi event. But ironically, Uber and Lyft — two ride-sharing companies who theoretically stand to lose some of their dominance if a competitor's driverless taxi service takes off — saw their stocks soar. As of Friday, both Uber and Lyft shares are up by around ten percent, while Tesla's has stooped down by about eight percent. If Elon Musk's …

Telsa's 'toothless' robotaxi reveal sends Uber and Lyft stocks soaring

The stocks of ride-hailing app companies Uber (UBER) and Lyft (LYFT) both jumped Friday while Tesla stock took a hit, following the EV maker’s long-awaited robotaxi reveal.Read more...