Uber 'Well Positioned' Despite Tesla Robotaxi Threat, Analyst Says
Uber(UBER) Benzinga·2024-10-10 02:28
As Tesla Inc TSLA gears up for its highly anticipated Robotaxi event on Oct. 10, the rideshare market is bracing for disruption. Tesla's event, expected to reveal a low-cost, fully autonomous vehicle (AV), has sparked concern among investors, particularly for companies like Uber Technologies Inc UBER and Lyft Inc LYFT. However, JPMorgan analyst Doug Anmuth remains confident in Uber's future, noting that it remains "well positioned in [the] AV ecosystem." Tesla's Disruption: Rideshare Under Pressure? Tesla's ...