Uber, Lyft Fall On Report Trump Will Ease Self-Driving Rules

Blockhead11-18

Uber (UBER) stock and shares of rival Lyft (LYFT) fell Monday following a report that Donald Trump will ease regulations for self-driving cars during his upcoming second presidential term. The report ...

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The report ...</p>\n\n<a href=\"https://www.investors.com/news/technology/uber-stock-tesla-self-driving-robotaxi-trump-regulation/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Lyft Fall On Report Trump Will Ease Self-Driving Rules</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Lyft Fall On Report Trump Will Ease Self-Driving Rules\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-18 23:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/technology/uber-stock-tesla-self-driving-robotaxi-trump-regulation/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber (UBER) stock and shares of rival Lyft (LYFT) fell Monday following a report that Donald Trump will ease regulations for self-driving cars during his upcoming second presidential term. The report ...</p>\n\n<a href=\"https://www.investors.com/news/technology/uber-stock-tesla-self-driving-robotaxi-trump-regulation/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1316542783.SGD","symbol_name":"Janus Henderson Horizon Global Technology Leaders A2 SGD","start_time":0,"source_url":"https://www.investors.com/news/technology/uber-stock-tesla-self-driving-robotaxi-trump-regulation/","article_id":"2484560367","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2023/12/Stock-uberapp-02-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484560367","pubTimestamp":1731945559,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Uber stock and shares of rival Lyft fell after report that Donald Trump will ease rules for self-driving cars, likely boosting Tesla.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","UBER":"优步","BK4588":"碎股","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4503":"景林资产持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","BK4574":"无人驾驶","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4022":"陆运","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4505":"高瓴资本持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","BK4124":"机动车零配件与设备","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LYFT":"Lyft, Inc.","LU0234572021.USD":"高盛美国核心股票组合Acc","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4592":"伊斯兰概念","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","TSLA":"特斯拉","ABNB":"爱彼迎","BK4585":"ETF&股票定投概念","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4157":"电子设备和仪器","BK4534":"瑞士信贷持仓","BK4555":"新能源车","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4536":"外卖概念","MBLY":"Mobileye Global Inc."},"translate_title":"优步和Lyft因特朗普将放宽自动驾驶规则的报道而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":1,"ABNB":1,"LYFT":1,"MBLY":1,"TSLL":0.9,"TSLA":0.6},"content_text":"Uber (UBER) stock and shares of rival Lyft (LYFT) fell Monday following a report that Donald Trump will ease regulations for self-driving cars during his upcoming second presidential term. The report is adding fuel to investor concerns that Tesla's (TSLA) plan for a robotaxi network could challenge Uber's command of the ride-hailing market.\n\n\n\n↑\nX\n\n\n\n\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\n\n\nBloomberg reported early Monday that  members of the president-elect's transition team \"have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities.\" The report cites anonymous sources. Tesla Chief Executive Elon Musk, a key backer and advisor to Trump, has previously voiced support for national self-driving rules. Companies currently need state-by-state approval.\nIn recent trading on the stock market today, Tesla stock is up more than 8% at 346.76 while Uber stock is down more than 6% at 68.68. Uber stock broke below its 200-day moving average and reached a two-month low. Shares of Lyft, meanwhile, have fallen more than 5% to 17.16 in recent action.\nIs Tesla A Threat To Uber Stock?\nA national framework for self-driving could clear a big hurdle for Musk's vision of launching a robotaxi network. Musk told analysts last month that Tesla \"expect(s) to roll out ride-hailing in California and Texas next year to the public.\" But Musk acknowledged that California would have a longer regulatory approval process, while Texas could launch sooner.\n\"Maybe some other states actually next year as well, but at least California and Texas,\" Musk said on the company's Oct. 23 earnings call. \"I think that would be very exciting. That's really a profound change. Tesla becomes more than a sort of vehicle and a battery manufacturing company at that point.\"\nA potential autonomous challenger from Tesla to Uber's rides business has weighed on shares of both Uber and Lyft since Musk teased an announcement earlier this year.\nWhile Tesla revealed its autonomous CyberCab at an Oct. 10 event, ride-hailing was hardly mentioned. That seemed to ease concerns for Uber. The company's stock surged 11% the day after the Tesla event, which one Uber analyst called \"toothless.\"\nBut Musk's comments on the earnings call two weeks later reignited investor concerns. And while Tesla still has a series of technological hurdles to prove its robotaxi service can be viable, it appears a Trump White House can help clear some regulatory hurdles. The Bloomberg report said that the Transportation Department could issue rules that ease the path toward self-driving adoption. A Congressional measure in \"early stages\" could also create federal rules, the Bloomberg report added.\nUber Partnering With AV Providers\nUber, meanwhile, isn't sitting idle when it comes to robotaxis. The company has pitched its app as a way for autonomous vehicle developers to find demand for their products. The ride-hailing giant has partnerships with Google's Waymo, GM's Cruise and Avride, among others, to place autonomous vehicles on the Uber app.\nLyft earlier this month announced its own AV-focused partnerships, including with technology developer Mobileye (MBLY).\nBut Tesla appears focused on building its own ride-hail network. Musk has previously described the effort as an Airbnb (ABNB) and Uber hybrid. Tesla owners could place their cars on a ride-hailing app run by Tesla using the vehicle's so-called Full Self-Driving technology.\nUber stock broke out beyond an 82.14 buy point following Tesla's robotaxi event on Oct. 11. But shares have slumped since then. Shares slumped 9% following a Q3 earnings report that showed lower-than-expected bookings.\nYOU MAY ALSO LIKE:\nTesla Stock Rebounds As The Robotaxi Approaches; Waymo Tops 100,000 Weekly Fares\nUber Stock Tumbles Despite Earnings Beat. Spotlight On Gross Bookings.\nIBD Live: Learn And Analyze Growth Stocks With The Pros\nGet Timely Buy & Sell Alerts With IBD Leaderboard\nTop Growth Stocks To Buy And Watch","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484560367"}