
In a big week for robotaxi bulls, Uber Technologies (NYSE: UBER) and Tesla (NASDAQ: TSLA) officially began their automated ride-sharing operations in two key geographies. Both these names saw strong gains in their shares as a result.
On June 24, Uber closed up over 7%. On June 23, Tesla shares ended the day up over 8%. The analysis below will detail the robotaxi progress that both firms have made, as well as the current state of the market.