Uber Falls 4% on Tesla Cybercab Threat as Slovenia Clears Full Self-Driving; TSLA Stock Rises 4%
Uber shares fell about 4% on Tuesday after Tesla's Cybercab robotaxi news raised competitive concerns, while Slovenia cleared full self-driving technology. Tesla stock rose 4% in the same session, with the two mobility names moving in opposite directions.
Why it matters — A UBER watcher would care because increased robotaxi competition from Tesla could pressure Uber's ride-hailing business and investor sentiment.