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General Motors (NYSE: GM)-owned Cruise is launching its autonomous ride sharing service in Phoenix, Arizona and Austin, Texas by the end of 2023, tripling the number of cities where it will have commercial operations.
At 2:05 p.m. ET today, Tesla (NASDAQ: TSLA) shares were trading near the lows of the day, down 7.1%. The company is ready to update investors over the next several days, but that isn't likely the reason for the big drop today. Over the upcoming weekend, Tesla will provide its third-quarter delivery data, if it sticks to its typical timeframe for those numbers.