What's Going On With Uber Stock Today?
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Uber Technologies Inc. shares fell 4.65% to $84.14 amid concerns over Tesla's advancements in autonomous ride-hailing, particularly with the testing of fully self-driving Model Y vehicles. Market fears suggest that Tesla's robotaxi model could threaten Uber's competitiveness by eliminating the need for human drivers. Tesla's robotaxi program is set to launch on June 12, with early deployment of remotely monitored vehicles indicating a shift in the competitive landscape for ride-hailing services.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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