Tesla (NASDAQ: TSLA) loses more than 6% 📉, while Uber (NYSE: UBER) rises by 4.72% 📈 amid the presentation of the Cybercab 🚖 and the expansion of its partnership with Waymo 🚗.

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Tesla (NASDAQ: TSLA) and Uber (NYSE: UBER) showed different results amid the latest news about the development of their autonomous technologies.

On October 10, 2024, Elon Musk presented the new robotaxi "Cybercab" at the "We, Robot" event, which is expected to go into production by 2026 at a price of less than $30,000. The vehicle, without a steering wheel and pedals, promises low operating costs — 20 cents per mile. However, investors were disappointed by the lack of specific timelines and plans, which led to Tesla shares dropping by more than 6% in pre-market trading.

Unlike Tesla, Uber continues to build success thanks to the expansion of its cooperation with Waymo, announced in September 2024. The companies plan to deploy robotaxi services in Austin and Atlanta by 2025. This led to Uber shares rising by 4.72%.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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