Investors were disappointed by the absence of updates on Tesla's affordable Model 2 at Elon Musk's "We, Robot" event.

U.S. stocks are rising toward records as JPMorgan Chase, Wells Fargo and other big financial companies rally following better-than-expected profit reports

U.S. stocks rose to records as JPMorgan Chase, Wells Fargo and other big financial companies rallied on better-than-expected profit reports. The S&P 500 climbed 0.6% Friday to top its all-time

Uber Technologies, Inc. Some positive fallout from the Tesla event came in the form of strong buying volume on shares of rideshare companies Uber (UBER) and Lyft (LYFT). Both companies’ stocks saw increase buying as investors fear less of the impact of Tesla’s Robotaxi on Uber and Lyft’s business models in the foreseeable future.

Key Takeaways Shares of Uber and Lyft jumped on Friday after Tesla's introduction to its new robotaxi failed to live up to ridesharing investors' fears.Analysts noted Tesla's much-anticipated event was light on details about the rollout of a ridesharing app that would compete with Uber or Lyft,