Uber vs Tesla, are we looking for the finger or the Moon?

By LeftFooted | Cars & tech | 16 Oct 2024


Tesla unveiled the Cybercab earlier this week and two completely opposite things happened.


First, Tesla stock went down, while Uber stock went up.


Analysts, pundits and investors say it was because Tesla's event was underwhelming, I say it's because the 'buy the rumour, sell the news' mantra applies to the stock market.


Automatically, when stock A goes down, rival stock B and C can go up, this happens all the time.


But then second, Uber CEO Dara Khosrowshahi said something that goes against what the stock market said.


In an interview with the Financial Times, reposted by Business Insider, Dara said something that sounds a lot like throwing the towel.


"Obviously, competing with Elon Musk is no easy matter, and we take nothing for granted; we really want to partner with the autonomous industry," he said.


He also said Uber is open to a partnership, or a rivalry, or both. And it's up to Tesla.

Let's break that down and say it again. Uber's CEO saw the Cybercab, and his official, public response was: "it's difficult to compete with Tesla, we can partner up, but it's up to them".

Am I the only one to think that sounds really bad?


So there are two questions here. Are we looking for the finger or the Moon? And anyway, which one is the Moon?

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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