Why Uber Stock Hit an All-Time High After Tesla's Robotaxi Rollout

Key Takeaways Shares of Uber and Lyft jumped on Friday after Tesla's introduction to its new robotaxi failed to live up to ridesharing investors' fears. Analysts noted Tesla's much-anticipated event was light on details about the rollout of a ridesharing app that would compete with Uber or Lyft, lifting an uncertainty that has hung over the stocks for months. Uber shares hit an all-time high, while Tesla slumped further into negative territory for the year. Shares of Uber Technologies (UBER) jumped to a rec ...