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Shares of Uber declined as Wall Street assessed the competitive implications of Tesla's rollout of its autonomous Cybercab service. Investors are weighing whether Tesla's push into robotaxis could erode Uber's ride-hailing market position over time. The move highlights growing investor sensitivity to autonomous vehicle developments and their potential to disrupt established ride-hailing business models, with Tesla's expansion seen as a direct long-term competitive threat to Uber.
Sources:Yahoo Finance