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But ironically, Uber and Lyft — two ride-sharing companies who theoretically stand to lose some of their dominance if a competitor's driverless taxi service takes off — saw their stocks soar.
As of Friday, both Uber and Lyft shares are up by around ten percent, while Tesla's has stooped down by about eight percent. If Elon Musk's "" reveal was meant to herald a new age of fully autonomous transportation, it appears that Wall Street's faith currently rests on having humans at the wheel. "We consider the event a best-case outcome for Uber," John Colantuoni, an equity analyst at Jefferies, wrote in a note on Friday,Colantuoni characterized Tesla's robotaxi showcase as "toothless," which is an opinion echoed by many analysts., the robotaxi would "probably" enter production by 2026 or "before" 2027, which he undercut by admitting he tends to be optimistic.
In addition, he highlighted that the finished car would sell for less than $30,000. That's also questionable, though, because Tesla has never madeIn short, the idea that Tesla could release a brand new car running experimental technology while being one of its cheapest-ever vehicles is, to put it mildly, a tough sell.has. As far as anyone can tell, it still has a long way to go before delivering on any of its promises.
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