Key Takeaways Tesla’s robotaxi launch poses a long-term challenge to Uber’s ride-hailing dominance. Uber is countering with global partnerships and diversi

During the month leading up to the Oct. 10 unveiling of the company's self-driving robotaxi, shares of the electric vehicle (EV) stock soared as much as 16%. This is par for the course for a volatile momentum stock such as Tesla, which often moves in overly pronounced directions depending on the current narrative.

Uber Technologies’ stock is down on news that Tesla will roll out its Robotaxi. This presents an opportunity to buy shares of Uber—which has high potential in autonomous driving—at a cheaper price. Bloomberg reported Wednesday Tesla will launch the new service in Austin,