Why Uber, Lyft Shares Are Speeding Up In Friday's Premarket
UBERUber(UBER) Benzinga·2024-10-11 19:37

Ride-hailing companies Uber Technologies, Inc. UBER and Lyft, Inc. LYFT are rising in premarket trading on Friday. The shares of Uber and its smaller peer Lyft were reacting to electric vehicle maker Tesla, Inc. TSLA announcing that a rival offering from its stable, the Cybercab, will go into production in 2026 or possibly even in 2027. If Tesla had been quick with a superior offering armed with its unsupervised self-driving technology, Uber and Lyft might have seen their market share erode. Ahead of the ev ...