WHAT INVESTORS NEED TO KNOW ABOUT THE IMPACT OF TESLA’S ROBOTAXIS ON UBER STOCK
By Nigam Arora & Dr. Natasha Arora
UBER is long from $25.58. It is trading at $85.24 as of this writing. This represents a 232% gain.
Tesla Disappointment
UBER stock is running up on disappointment with Tesla’s robotaxi event. Please see the Morning Capsule for more details.
Breakout
Please click here for a chart of UBER. Note the following:
- UBER stock gapped up after the Tesla event.
- From a technical perspective, UBER stock is breaking out.
Threat Averted
Both UBER and LYFT were under threat from Tesla’s robotaxis. Now after Tesla’s event, the prevailing belief in the stock market is that Tesla’s robotaxis are further way than previously though. … Please click here or the title below to read more.
October 14, 2024