UBER - Uber Lyft Shares Rally As Tesla Stock Tumbles: What's Going On? | Benzinga
Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) shares are racing higher Thursday following a report suggesting Tesla Inc (NASDAQ:TSLA) will delay its robotaxi unveiling.
What Happened: Tesla shares turned sharply lower in early trading Thursday after Bloomberg reported that Tesla is delaying its planned Robotaxi Day. The event was expected to take place in early August, but has now been pushed back to October.
The report indicates that the move aims to give teams that are working on the project more time to build vehicle prototypes for the autonomous taxi service. People familiar with the matter said ...