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MarketBeat

Leo Miller

Robotaxi News: What Tesla and Lyft Headlines Mean for Shares

Lyft Uber Waymo CPUC MarketBeat May Mobility Tesla Inc.

Two pieces of important news recently came out regarding the world of robotaxis. The first comes from EV industry leader Tesla (NASDAQ: TSLA). The company recently received a permit from the state of California. It is the next step toward the company operating its robotaxi service in the state.

The second piece of news comes from Lyft (NASDAQ: LYFT), the second largest player in ride-sharing behind Uber Technologies (NYSE: UBER). The company plans to offer its driverless ride-hailing service as soon as this summer. Is the permit approval a significant positive development for Tesla shares, or smoke in the wind? Additionally, is Lyft now better positioned versus Uber in the robotaxi battle?

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