Tesla's stock price fell, while Uber "lay down and win" soared to a new high. What are investors seeing?

Elon Musk's Robotaxi performance did not satisfy the market, making the market more bullish on Uber and the ride-hailing company Lyft.

On Friday, Uber rose more than 10.5% to hit a record high intraday, while Lyft rose more than 11.3% at one point.

Citigroup analyst Ronald Josey stated:

"Tesla's activities have given us a clearer picture of the company's plans and timeline for autonomous taxis, which makes us more optimistic about Uber's stock. There are few specific details about Cybercab sales and ride-hailing applications, which leads us to believe that Tesla may still cooperate with Uber for sales in the future."

Jefferies analyst John Colantuoni believes:

" This event is good news for Uber. He described Tesla's taxi as 'non-competitive' and pointed out that the company has not provided any verifiable evidence of its progress in autonomous driving capabilities, nor has it disclosed how many autonomous taxis it plans to produce."

Barclays analyst Dan Levy gave Tesla an "equal weight" rating with a target price of $220. He stated:

"The Cybercab prototype from Tesla is similar to previous designs, but this release lacks specific details. Consumers can buy Cybercab, and Tesla may operate its own fleet. The recent decline in Tesla's stock price may be due to selling after the news, and the market is now more focused on the company's fundamentals, which seem only average and not particularly good."

However, Morgan Stanley analyst Brian Nowak believes:

"Tesla's estimated charge of $0.20 per mile meets expectations, confirming its cost advantage. He pointed out that this validates Tesla's theoretical cost advantage over Uber's existing vehicles and Waymo."