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Shares of Uber Technologies (NYSE: UBER) were moving higher for the second day in a row, seemingly in response to billionaire Bill Ackman's announcement that he has invested more than $2 billion ...
Musk has previously said Tesla would create its own ride-hailing platform — a cross between Uber and Airbnb apps — for riders to call a driverless car. ... Uber's stock plunged 10% after Waymo ...
Tesla's stock price reached $420 on Wednesday afternoon, which elicited responses from social media users and the company's CEO, Elon Musk. "As foretold in the prophecy," Musk wrote in an X post ...
Driverless car technology is expected to crush Uber's (NYSE: UBER) business in the long term. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
They still work with Uber Eats and DoorDash, because they want to drive utilization of the box called the restaurant, that same economic value is going to be true going forward," he said.
Analysts see Tesla's entry into ride-hailing as a possible long-term threat to Uber and Lyft. But it could also be an opportunity to partner. Elon Musk is about to reveal Tesla's robotaxi.
Elon Musk has big plans for Tesla's Robotaxi, which could disrupt the ride-hailing economy. However, analysts say it has a lot of catching up to do.
Uber CEO is open to a Tesla partnership and wants to get its robotaxis onto its platform after ditching its own driverless car dreams.