Uber stock jumps, Tesla stumbles after Elon Musk’s Cybercab reveal
Tesla’s failure to demonstrate progress in the field of autonomous vehicles appears to be making investors skittish.
Tesla’s big technology showcase appears to have missed the mark after an underwhelming series of announcements and reveals at the company’s Oct. 10 “We, Robot” event in Hollywood, California.
The company’s stocks have taken a nearly 8% hit in the wake of the event, while rival Uber’s are up by almost 9% at the time of writing.
Related: Musk’s robotaxi reveal could be make-or-break moment for Tesla
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Author: Tristan Greene
