US Stock Market News | Uber Surges Over 8%, Stock Price Hits an All-Time High
On Friday, Uber's stock price hit a historic high, rising over 8% to $84.22 as of press time. Its competitor Lyft also saw a price increase, rising over 9% to $13.585 as of press time. On the news front, Tesla CEO Musk announced the launch of a self-driving taxi called CyberCab and a self-driving Model Y at today's press conference. Bank of America analysts believe that Uber's network may benefit from the competition in autonomous vehicles. As autonomous vehicle companies seek to establish and improve their technology, the fiercely competitive autonomous vehicle market will make Uber's network more valuable. Jefferies analysts also stated that the best scenario for Robotaxi is Uber. Uber recently announced partnerships with Waymo, Cruise, and WeRide, supporting the view of intense industry competition and Uber's strong position in autonomous vehicles
According to the financial news app Zhitong Finance, on Friday, Uber (UBER.US) stock price hit a historical high, rising over 8% to $84.22 as of the time of writing. Its competitor Lyft (LYFT.US) also saw a price increase, rising over 9% to $13.585 as of the time of writing.
On the news front, Tesla CEO Elon Musk announced the launch of a self-driving taxi called CyberCab and a self-driving Model Y at today's press conference. Bank of America analysts believe that Uber's network may benefit from the competition in autonomous vehicles. As autonomous vehicle companies seek to establish and improve their technology, the fiercely competitive autonomous vehicle market will make Uber's network more valuable. Jefferies analysts also stated that the best scenario for Robotaxi is Uber.
Uber recently announced partnerships with Waymo, Cruise, and WeRide, supporting the view of intense industry competition and Uber's strong position in autonomous vehicles