TESLA ROBOTAXI A LONG-TERM THREAT TO UBER, SAYS WEDBUSH
Wedbush sees Tesla's planned June 12 robotaxi launch as a long-term risk to Uber's business. With driverless Model Y testing already underway in Austin, the firm warns Tesla's autonomous service could challenge Uber’s model over time. Wedbush maintains a Neutral rating on Uber with an $85 price target, citing few near-term growth drivers.The copyright of this article belongs to the original author/organization.
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