Uber and Tesla Stocks Decline Amid AI Concerns and Sales Drop

Uber is launching a new service suite designed to support autonomous vehicle developers by integrating them with its ride-hailing network. According to NS3.AI, this initiative aims to speed up the adoption of robotaxis. Despite this development, shares of both Uber and Tesla experienced a nearly 4% decline. This drop is attributed to broader market concerns, including potential job displacement due to AI advancements and a recent decline in Tesla's sales. Additionally, Tesla is shifting its focus towards artificial intelligence, with plans to convert its factory for the production of humanoid robots following its first annual revenue decrease.