Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / INTC - Did Tesla Hertz and Uber just jumpstart the trillion dollar robotaxi industry?


INTC - Did Tesla Hertz and Uber just jumpstart the trillion dollar robotaxi industry?

The rideshare industry continues to make its slow crawl back to pre-pandemic levels with spending down 31.1% relative to 2019 levels for the week ending October 17th, according to data from research and analytics firm M Science. Uber held 71.8% of the total market for the week, while Lyft's (NASDAQ:LYFT) market share fell to 26.9%. The chart below provided by M Science shows the improvement trend. M Science's take is that the sequential improvement in the gap between 2021 vs. 2019 is likely an indication of some improvement in the supply/demand imbalance between drivers and riders. However, even if ridesharing is not yet back to normal, the industry is not stalling out. The sector was jolted during the week by an announcement between Hertz Global (OTCPK:HTZZ) and Uber (NYSE:UBER) on accelerating the adoption of EVs through a new exclusive partnership to make up to 50K Teslas available by 2023 for

For further details see:

Did Tesla, Hertz and Uber just jumpstart the trillion dollar robotaxi industry?
Stock Information

Company Name: Intel Corporation
Stock Symbol: INTC
Market: NASDAQ
Website: intel.com

Menu

INTC INTC Quote INTC Short INTC News INTC Articles INTC Message Board
Get INTC Alerts

News, Short Squeeze, Breakout and More Instantly...