Uber, Lyft Shares Rise 10% After Tesla's Robotaxi Event
Shares of rideshare companies Uber Technologies and Lyft on Friday climbed after Tesla failed to impress investors' with its Robotaxi reveal. Uber's shares rose 9.8% to $85.53, hitting an all-time high in midday trading, and Lyft's stock climbed 10% to $13.68. Meanwhile, Tesla shares declined 8.1% to $219.34.
Drivers for Lyft and Uber are building a national movement
That's a massive turnaround for Uber's stock, which is now up nearly 22% over the past month and about 38% for the year.
6hon MSN
Elon Musk has big plans for Tesla's Robotaxi, which could disrupt the ride-hailing economy. However, analysts say it has a ...
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