Gary Black Says Tesla's Robotaxi Launch In June Poses Minimal Risk To Uber: 'Will Offer Low-Cost…'
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Gary Black, managing director of Future Fund LLC, stated that Tesla's upcoming Robotaxi launch on June 12 poses minimal risk to Uber's business model. Despite Uber's stock dropping 4% following the announcement, Black believes Uber will still provide low-cost driverless options from other manufacturers. He noted that Tesla's Robotaxi test will involve 10-20 Model Ys with Full Self-Driving technology. Analysts remain optimistic about Tesla's autonomous driving tech, even as some investors, including Cathie Wood, have sold their Tesla shares.
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