Tesla Plans to Launch a Robotaxi Network in 2020

Posted by MarketsandMarkets on May 3, 2019 6:06:06 PM

Tesla plans to launch the first robotaxis as part of a broader vision for an autonomous ride sharing network in 2020, CEO Elon Musk said during the company’s Autonomy Day. Musk confirmed that there will be more than a million Robotaxis on road next year. Robotaxi is an upcoming megatrend in the automotive industry. It is a disruptive technology that can lead to the development of new mobility models and provide vast opportunities for infrastructure development.

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Topics: electric vehicle market, automotive industry, ride sharing market

Lyft beats Uber to be the first Ride sharing company to go public

Posted by MarketsandMarkets on Feb 28, 2019 6:20:01 PM

Lyft’s recent announcement to introduce its IPO or initial public offering is likely to help the company gain an edge over its major competitor Uber. Lyft is estimated to go public with a valuation of USD 25 billion compared to a USD 120 billion valuation of Uber. With this development, Lyft will become the first mobility startup to go public.  

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Topics: Automotive and Transportation, ride sharing market, ride hailing services

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