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Uber's Trading Volume Drops 24.38% to $24.34 Billion Ranking 34th Amid Tesla Robotaxi Fears
Generated by AI AgentAinvest Volume Radar
Friday, May 30, 2025 8:10 pm ET1min read
On May 30, 2025, Uber's trading volume reached $24.34 billion, a 24.38% decrease from the previous day, ranking 34th in the day's stock market. Uber's stock price fell by 0.17%, marking the third consecutive day of decline, with a total decrease of 5.44% over the past three days.
Uber's stock experienced a significant drop on May 29 following a report from Wedbush. The report highlighted concerns about Tesla's upcoming Robotaxi launch, which analysts view as a long-term threat to Uber's ride-sharing business. This news has raised investor apprehension about the potential impact of Tesla's autonomous vehicle technology on Uber's market position.
Investors are closely monitoring the developments in the autonomous vehicle sector, as Tesla's Robotaxi could potentially disrupt the ride-sharing industry. The anticipation of Tesla's new technology has led to a cautious approach among investors, contributing to the recent decline in Uber's stock price. The market is awaiting further updates on Tesla's progress and its potential implications for Uber's business model.
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