Key Takeaways Uber shares lost ground Monday but are still near record highs after investors saw little threat to rideshare companies from Tesla's highly anticipated robotaxi unveiling last week.A chart-based price target using the measuring principle projects a potential move up to $93,

After a long wait, Tesla (NASDAQ: TSLA) finally debuted its robotaxi on Thursday night. CEO Elon Musk arrived on the Warner Bros. soundstage in Burbank, California, as a passenger in the robotaxi, which he calls a Cybercab. It comes without a steering wheel or pedals, making it a strictly autonomous vehicle (AV).

Tesla’s disappointing Robotaxi event highlighted how late the company is to the autonomous-vehicle race, leaving the door wide open for its competitors.

Tesla's (NASDAQ: TSLA) highly publicized robotaxi event failed to impress investors, who sent its shares tumbling following the presentation. The stock had rallied over the past quarter in anticipation of the event,

Shares of Uber UBER and Lyft LYFT surged on Oct. 11, 2024, following Tesla’s TSLA not-so-exciting robotaxi event, which failed to meet expectations, raising concerns among ridesharing investors. Uber shares jumped 10.

Tesla, Inc.'s Robotaxi plans were a non-event, leading to a Sell Signal and a downgrade to a strong Sell, with expectations of retesting $182. Read more here.