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Lyft and May Mobility launch robotaxis in Atlanta
Lyft is trying to carve out a presence in the autonomous vehicle market. But the ride-hailing company still lags far behind Uber.
Earlier this year, Bank of America analysts downgraded the stock to “Underperform” from “Buy” due to concerns that the ride-hail firm would lose market share to Waymo’s California expansion and Uber’s aggressive AV partnership strategy. May’s vehicles will be available to Lyft riders ordering on demand or via the “Wait & Save” feature starting in Midtown Atlanta from morning rush hour into the afternoon Monday through Friday, with plans to extend into evenings and weekends soon. For May Mobility, the Atlanta launch marks its second in Georgia; the company also operates a limited commercial driverless microtransit service in Peachtree Corners.
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