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Tesla Robotaxi Threat Triggers Uber Downgrade as Margins Shrink

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The Story

News Summary

  • Arete Research downgraded Uber to Neutral with a $74 target, citing margin contraction and rising competition.
  • The analyst highlighted Tesla's upcoming Cybercab autonomous ride-hailing network as a major long-term competitive threat to Uber's pricing power and take-rates.
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TSLA price history

358.08 -16.76% over the displayed period

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