Time for Uber-Lyft ETFs After Tesla's Unimpressive Robotaxi Event?

Shares of Uber (UBER) and Lyft (LYFT) surged on Oct. 11, 2024, following Tesla's (TSLA) not-so-exciting robotaxi event, which failed to meet expectations, raising concerns among ridesharing investors. Uber shares jumped 10.8% on that day, LYFT stock jumped 9.6%, while Tesla shares slumped 8.8%. Tesla's robotaxi service is comparable to the taxi services offered by Uber and Lyft. A robotaxi is a self-driving car that operates as a taxi in an e-hailing service, and passengers can request them via a smartphone ...