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Why Alphabet Stock Slipped Today
On Monday, an Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) rival took a turn in the spotlight, draining attention and sentiment from the tech giant. The Google parent's two publicly traded stocks ended the day around 1% lower in price, comparing unfavorably to the nearly 1% gain of the S&P 500 (SNPINDEX: ^GSPC).That rival is Alphabet's peer in the self-driving taxi space, Tesla. On Sunday, the high-profile auto company officially launched its Robotaxi service in Austin, Texas. Although rides were limited to selected users, the event went off smoothly, without any reported accidents. Image source: Getty Images.Continue reading
On Monday, an Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) rival took a turn in the spotlight, draining attention and sentiment from the tech giant. The Google parent's two publicly traded stocks ended the day around 1% lower in price, comparing unfavorably to the nearly 1% gain of the S&P 500 (SNPINDEX: ^GSPC).
That rival is Alphabet's peer in the self-driving taxi space, Tesla. On Sunday, the high-profile auto company officially launched its Robotaxi service in Austin, Texas. Although rides were limited to selected users, the event went off smoothly, without any reported accidents.
Image source: Getty Images.
