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).

That $55,000 price has served as a short-term bottom for Bitcoin three times since July. Over time, without seeing new highs, stocks and cryptocurrencies that test the same support prices tend to wear them out, causing an eventual break below them.