The Tesla Robotaxi is expected to debut this month, which could weigh heavily on big rideshare companies like Lyft and Uber. UBER stock is already down 5% in the last week, and could fall further if the Robotaxi launch is a success.
Uber’s shares have performed well in 2025 thus far, with the stock climbing 39% year-to-date. Analysts at multiple firms have revised their price forecast for the stock in a bullish way. JPMorgan in particular recently hiked its forecast for UBER, citing growth in the autonomous-vehicle space. However, some analysts suggest that the stock could take a hit following Tesla’s Robotaxi launch this summer. The two companies’ stock performances have often been linked since the Robotaxi was announced. When Tesla dipped after a disappointing update for the Taxi last year, Uber and Lyft shares inversely climbed. An opposite effect could happen this time around, though, with Tesla riding bullish momentum.
More on the Tesla Robotaxi Launch
Tesla robotaxi operations will begin with around 10-20 Model Y vehicles in geofenced Austin areas, and they’ll be using remote supervision instead of in-vehicle operators. The launch also represents Tesla’s bid to capture a share of the autonomous vehicles market, which will reach $13.6 trillion by 2030. “We are actually going to deploy not to the entire Austin region, but only the parts that are the safest,” Tesla CEO Elon Musk has said.
Furthermore, Uber (UBER) CEO Dara Khosrowshahi has previously shared openness to a Tesla (TSLA) partnership for the incoming Robotaxi development. Last year, Khorosorwashi noted that he would “love” to work alongside Elon Musk for the project. “Obviously, competing with Elon Musk is no easy matter, and we take nothing for granted; we really want to partner with the autonomous industry,” the Uber head told the Financial Times.
Tesla’s robotaxi launch on June 12 marks a pivotal moment for TSLA stock and the autonomous vehicles industry. With analyst targets suggesting 25% upside potential and the self-driving cars market expanding rapidly, the automaker’s robotaxi service could drive significant gains for both TSLA and AI stocks focused on autonomous technology. Alternatively, Uber’s current price forecasts of growth could be stunted if Tesla’s Robotaxi launch shows promise.
