Uber Technologies’ stock is down on news that Tesla will roll out its Robotaxi. This presents an opportunity to buy shares of Uber—which has high potential in autonomous driving—at a cheaper price. Bloomberg reported Wednesday Tesla will launch the new service in Austin,

Uber Technologies Inc. (NYSE: UBER) shares are dropping Thursday after Tesla CEO Elon Musk confirms that fully self-driving Model Y vehicles are testing on public roads in Austin, Texas, without anyone in the driver's seat.

Atlanta is the second city to get the so-called "Waymo on Uber" service. The companies launched the service, which matches riders with a

Scott Devitt from Wedbush Securities recently shared his views on Uber, highlighting that Tesla’s Robotaxi ambitions pose a long-term threat to Uber’s business model.

ATL will be the second city, after Austin, where Waymo’s driverless cars will be available exclusively on the Uber app. Ahead of the public launch this summer, Uber is opening up access to a group of riders selected from the company’s interest list for early test rides.