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

Tesla stock dove Friday as the initial reaction was sour to the electric vehicle company’s eagerly awaited robotaxi day, with analysts largely knocking the lack of details presented Thursday night by Elon Musk’s electric vehicle firm on its autonomous driving efforts.

Electric vehicle (EV) stock Tesla (TSLA) is sharply lower today after Elon Musk's We Robot event fell flat with investors

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,