LYFT Oct 2024 16.000 put
- Yahoo Finance Video
Cities are 'the biggest hurdle' for Tesla's robotaxi: Analyst
RBC Capital Markets Global Autos Analyst Tom Narayan has lowered his price target for Tesla (TSLA) from $293 to $227, citing concerns about the company's anticipated robotaxi project. Narayan joins the Morning Brief to share his perspective on the electric vehicle giant's outlook. Narayan's price target revision was influenced by two key factors. First, he anticipates lower pricing in the rideshare industry by the time robotaxi launches. Second, he projects higher revenue share percentages for rideshare platforms like Uber (UBER) and Lyft (LYFT), potentially diminishing robotaxi's valuation. Despite these concerns, Narayan maintains that the robotaxi project will be the "biggest contributor of value for Tesla." However, Narayan emphasizes that "the biggest hurdle" for this technology lies not in its development but in infrastructure adaptation. "The tech isn't that really far away, it's not the tech. It's really the cities need to reengineer themselves," Narayan explains to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Bloomberg
US Lawmakers Take On Uber, Lyft Rider Surveillance in New Bill
(Bloomberg) -- Two US senators are introducing a bill that would require ride-hailing companies including Uber Technologies Inc. and Lyft Inc. to notify passengers if their assigned drivers are using dashcams to record them. Most Read from Bloomberg‘I Live in Hell’: Anti-Growth Fervor Grips US South After Pandemic BoomWhat to Know About the Deadly Flesh-Eating Bacteria Spreading in JapanNvidia’s 591,078% Rally to Most Valuable Stock Came in WavesNvidia Becomes World’s Most Valuable Company as AI
- Insider Monkey
Lyft, Inc. (NASDAQ:LYFT) Upgraded by Gordon Haskett
We recently compiled the list of the 10 Stocks Receiving a Massive Vote of Approval From Wall Street Analysts. In this article, we are going to take a look at where Lyft, Inc. (NASDAQ:LYFT) stands against the other stocks that received an upgrade from Wall Street analysts. But first, we are going to take a look […]
