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Stock impact report

Citizens Downplays Waymo and Tesla Competition Pressure on Uber Technologies, Inc. (UBER), Asserts Market Perform Stance [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
reiterated a Market Perform rating on Uber Technologies Inc. (NYSE:UBER) even as it remains under pressure owing to Waymo and Tesla Competition risks. Pixabay/Public Domain According to Citizens, Waymo's autonomous vehicle service is not a significant threat to Uber's ride-hailing service. That's because in its current shape, it's not positioned to capture market share due to vehicle supply constraints. Nevertheless, the research firm has warned that Waymo's development of driving technology that no longer requires high-definition maps could pose significant competitive pressure. Likewise, Waymo acquiring Lyft could strengthen its competitive edge, therefore posing significant pressure on Uber. In addition, the research firm is wary of Tesla's autonomous technology, which could create a competitor with scaled manufacturing. Meanwhile, Uber has moved to strengthen its prospects in the ride-hailing services by launching a robotaxi service in Dallas. The new service will allow pe Show less Read more
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