Uber Technologies, Inc. (UBER), the global leader in the ridesharing industry, faces a new threat as Tesla (TSLA) readies its robotaxi launch.

Key Takeaways Uber shares lost ground Monday but are still near record highs after investors saw little threat to rideshare companies from Tesla's highly anticipated robotaxi unveiling last week.A chart-based price target using the measuring principle projects a potential move up to $93,

After a long wait, Tesla (NASDAQ: TSLA) finally debuted its robotaxi on Thursday night. CEO Elon Musk arrived on the Warner Bros. soundstage in Burbank, California, as a passenger in the robotaxi, which he calls a Cybercab. It comes without a steering wheel or pedals, making it a strictly autonomous vehicle (AV).