The Tesla (TSLA) Robotaxi launch is tentatively set for June 12, according to a Bloomberg report, while CEO Elon Musk says that driverless testing of the Model Y has started in Austin without incident, Wedbush tells investors in a research note. The firm, which has a Neutral rating and $85 price target on Uber (UBER), believes the Tesla robotaxi serves as a long-term threat to Uber’s business model. Wedbush adds that the lack of clear catalysts in the near-term will limit Uber’s upside.
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