Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
Ride-sharing giants Uber, Lyft jump after Tesla's 'toothless taxi' fails to excite investors
Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it has turned into a boon for the stock instead.
What a certain stock does within days of a big announcement like this is one of the most meaningless things to write news articles about. In a month, the value is usually back to where it was, and that’s what nobody ever writes about.
A few months ago, the S&P 500 dipped, and there were countless articles about whether investors should panic. Not only is it back to normal now, but it’s even higher than before.
17Oh, the S&P 500 will drop significantly, since they were foolish enough to accept Tesla.
Creating panic for the slight drop recently was entirely coming from right wing outlets by my oversvation, especially fox news and RT affiliates.
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