Lyft에 대한 매도 수량은 투자자에게 Lyft의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Lyft (NASDAQ:LYFT) 주식, 공매도 수량 보고

Lyft

Lyft is the second-largest ride-hailing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-hailing, Lyft has entered the bike- and scooter-share market to bring multimodal transportation options to users.

News

Tech

BYDDF

LYFT

TSLA

UBER

VWAGY

XPEV

지난주 전기차와 차량 호출 서비스 분야는 롤러코스터처럼 급변했다. 테슬라(NASDAQ:TSLA)가 수십만 대의 차량을 리콜하기로 한 것부터 워런 버핏이 지원하는 BYD(OTC:BYDDF)가 호주에 저렴한 전기차를 출시한 사건까지, 알아야 할 것들이 많다. 지난주의 주요 뉴스들을 살펴보겠다.

주간 주요 모빌리티 뉴스: 테슬라의 차량 리콜, 우버·리프트의 로보택시 전략 개편 등

Media

ABNB

GOOGL

우버 테크놀로지스(NYSE:UBER)와 리프트(NASDAQ:LYFT)는 비록 약간의 변화가 있긴 했지만 로보택시 야망에 다시 도전장을 내밀었다. 월스트리트저널에 따르면 이들 거대 차량 공유 업체들은 경쟁사들이 로보택시 관련 문제를 해결한 점을 수용하기 위해 사업을 재편성했다.

우버·리프트, 테슬라 및 웨이모와 경쟁하기 위해 로보택시 전략 수용

Travel

Legal

Movers

General

뉴욕시의 혼잡통행료 프로그램이 일요일(5일)에 시작되면서 운전자와 차량 공유 고객에게 새로운 요금이 추가되었다. 우버(NYSE:UBER)와 리프트(NASDAQ:LYFT)는 혼잡통행료에 찬성하는 로비를 벌였으며, 새로운 요금제의 혜택을 받을 수 있는 위치에 있다.

우버와 리프트, 뉴욕시 혼잡통행료 도입으로 이익 얻을 수도

Lyft Inc

<a href="https://www.bloomberg.com/news/articles/2025-01-30/uber-lyft-face-antitrust-probe-over-nyc-driver-pay-agreement" title="https://www.bloomberg.com/news/articles/2025-01-30/uber-lyft-face-antitrust-probe-over-nyc-driver-pay-agreement">https://www.bloomberg.com/news/articles/2025-01-30/uber-lyft-face-antitrust-probe-over-nyc-driver-pay-agreement</a>

'Uber, Lyft Face Antitrust Probe Over NYC Driver Pay Agreement' - Bloomberg News

Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares are moving lower on Monday. Bank of America analyst Micheal McGovern maintained a Buy rating on the company and lowered the price target <a href="https://www.benzinga.com//node/43054694">from $21 to $19</a>.
What To Know: In his note, the analyst highlighted three key developments: Waymo&#8217;s expansion of testing in Los Angeles, Uber&#8217;s new price lock feature and the recent appointment of Sean Duffy as Transportation Secretary.
McGovern stated that Waymo has initiated testing of its autonomous ride service on Los Angeles freeways. The company received approval for this in March, along with permission to conduct similar testing in San Francisco, which began in August.
The analyst views Waymo&#8217;s latest update as potentially negative for Lyft. This development could be seen as a threat to traditional ride-share services like Lyft, as autonomous ride services may compete for customers.
Bloomberg reported that Uber is creating a &#8220;price lock pass,&#8221; allowing customers to pay $2.99 to secure pricing for a specific route for a one-hour window each day. McGovern noted that if Uber rolls out this feature, it could intensify competition between the two companies.
Lyft introduced its own price lock feature in August and has seen significant success, selling over 200,000 passes in just a few months.
Lastly, the Bank of America analyst views Duffy&#8217;s confirmation as Transportation Secretary as a positive development for Lyft. Duffy has been a proponent of a federal framework for regulating autonomous vehicles, rather than leaving it to individual states.
Lyft is expected to release 2024 fiscal-year fourth-quarter earnings on February 11 after the market closes. Analysts estimate earnings per share of 21 cents and revenue of $1.55 billion.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43310673/trump-media-technology-group-stock-jumps-on-expansion-into-financial-services">Trump Media &amp; Technology Group Stock Jumps On Expansion Into Financial Services</a>
LYFT Price Action: At the time of writing, Lyft stock is trading 3.98% lower at $13.41, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Shutterstock

Lyft Faces Growing Competition, Bank of America Analyst Warns

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$13.00</td>
<td>$40.2K</td>
<td>5.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/28/25</td>
<td>$60.00</td>
<td>$52.4K</td>
<td>646</td>
<td>2.2K</td>
</tr>
<tr>
<td>LUNR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$406.5K</td>
<td>149</td>
<td>1.5K</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$136.00</td>
<td>$45.6K</td>
<td>722</td>
<td>328</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$390.00</td>
<td>$35.6K</td>
<td>817</td>
<td>217</td>
</tr>
<tr>
<td>FTAI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/31/25</td>
<td>$93.00</td>
<td>$44.8K</td>
<td>3</td>
<td>108</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$175.00</td>
<td>$44.8K</td>
<td>1.3K</td>
<td>102</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$77.50</td>
<td>$46.2K</td>
<td>720</td>
<td>55</td>
</tr>
<tr>
<td>SAIA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$480.00</td>
<td>$43.3K</td>
<td>28</td>
<td>39</td>
</tr>
<tr>
<td>POWL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$250.00</td>
<td>$129.1K</td>
<td>18</td>
<td>38</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on January 31, 2025. Parties traded 2223 contract(s) at a $13.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $18.0 per contract. There were 5303 open contracts at this strike prior to today, and today 3051 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bullish, expiring in 30 day(s) on February 28, 2025. This event was a transfer of 435 contract(s) at a $60.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $52.4K, with a price of $121.0 per contract. There were 646 open contracts at this strike prior to today, and today 2270 contract(s) were bought and sold. 
• For LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we notice a put option trade that happens to be bearish, expiring in 142 day(s) on June 20, 2025. This event was a transfer of 1500 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $406.5K, with a price of $271.0 per contract. There were 149 open contracts at this strike prior to today, and today 1500 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on February 21, 2025. Parties traded 83 contract(s) at a $136.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $45.6K, with a price of $550.0 per contract. There were 722 open contracts at this strike prior to today, and today 328 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on January 31, 2025. Parties traded 27 contract(s) at a $390.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $1320.0 per contract. There were 817 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold. 
• Regarding FTAI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>), we observe a call option trade with neutral sentiment. It expires in 2 day(s) on January 31, 2025. Parties traded 100 contract(s) at a $93.00 strike. The total cost received by the writing party (or parties) was $44.8K, with a price of $448.0 per contract. There were 3 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• For BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we notice a put option sweep that happens to be bearish, expiring in 78 day(s) on April 17, 2025. This event was a transfer of 44 contract(s) at a $175.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $44.8K, with a price of $1020.0 per contract. There were 1304 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding VRT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), we observe a put option trade with neutral sentiment. It expires in 352 day(s) on January 16, 2026. Parties traded 55 contract(s) at a $77.50 strike. The total cost received by the writing party (or parties) was $46.2K, with a price of $840.0 per contract. There were 720 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold. 
• For SAIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), we notice a put option sweep that happens to be neutral, expiring in 23 day(s) on February 21, 2025. This event was a transfer of 17 contract(s) at a $480.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $2505.0 per contract. There were 28 open contracts at this strike prior to today, and today 39 contract(s) were bought and sold. 
• For POWL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>), we notice a put option sweep that happens to be bearish, expiring in 51 day(s) on March 21, 2025. This event was a transfer of 35 contract(s) at a $250.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $129.1K, with a price of $3690.0 per contract. There were 18 open contracts at this strike prior to today, and today 38 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

FTAI

LUNR

POWL

SAIA

10 Industrials Stocks With Whale Alerts In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Truist Securities raised the price target for Tempur Sealy International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>) from $63 to $69. Truist Securities analyst Keith Hughes maintained a Buy rating. Tempur Sealy shares closed at $60.62 on Tuesday. <a href="https://www.benzinga.com/quote/TPX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) price target from $152 to $150. JP Morgan analyst Bill Peterson maintained an Overweight rating. Nucor shares closed at $126.55 on Tuesday. <a href="https://www.benzinga.com/quote/NUE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Scotiabank cut the price target for NextEra Energy Partners, LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) from $15 to $12. Scotiabank analyst Andrew Weisel maintained a Sector Perform rating. NextEra Energy Partners shares closed at $11.83 on Tuesday. <a href="https://www.benzinga.com/quote/NEP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Argus Research raised the price target for Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) from $280 to $305. Argus Research analyst John Staszak maintained a Buy rating. Royal Caribbean Cruises shares closed at $265.25 on Tuesday. <a href="https://www.benzinga.com/quote/JNJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel boosted Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) price target from $400 to $450. Stifel analyst Rick Wise maintained a Buy rating. Stryker shares settled at $395.15 on Tuesday. <a href="https://www.benzinga.com/quote/SYK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) price target from $21 to $19. B of A Securities analyst Michael McGovern maintained a Buy rating. Lyft shares closed at $13.96 on Tuesday. <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan lifted RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) price target from $140 to $150. JP Morgan analyst Seth Seifman maintained an Overweight rating. RTX shares closed at $128.35 on Tuesday.  <a href="https://www.benzinga.com/quote/RTX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted the price target for F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) from $285 to $360. Needham analyst Matt Dezort maintained a Buy rating. F5 shares settled at $269.72 on Tuesday. <a href="https://www.benzinga.com/quote/FFIV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) price target from $127 to $135. Wells Fargo analyst Stephen Baxter maintained an Equal-Weight rating. Cardinal Health shares closed at $126.27 on Tuesday. <a href="https://www.benzinga.com/quote/CAH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays increased Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) price target from $119 to $124. Barclays analyst Jeffrey Bernstein maintained an Overweight rating. Starbucks shares closed at $100.41 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43301090/how-to-earn-500-a-month-from-meta-platforms-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings</a></li>
</ul>

Price Target

Markets

Analyst Ratings

Trading Ideas

FFIV

SBUX

Starbucks To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Wednesday

B of A Securities analyst Michael McGovern maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and lowers the price target from $21 to $19.

B of A Securities Maintains Buy on Lyft, Lowers Price Target to $19

Lyft's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) short percent of float has fallen 6.5% since its last report. The company recently reported that it has 48.76 million shares sold short, which is 14.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lyft Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737121521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lyft has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lyft's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lyft's peer group average for short interest as a percentage of float is 10.01%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Lyft's Recent Short Interest

Wells Fargo analyst Ken Gawrelski maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Equal-Weight and lowers the price target from $17 to $14.

Wells Fargo Maintains Equal-Weight on Lyft, Lowers Price Target to $14

This week has been a rollercoaster ride in the world of electric vehicles and ride-hailing services. From&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recalling hundreds of thousands of vehicles to&nbsp;Warren Buffett-backed&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) launching an affordable EV in Australia, there&#8217;s a lot to catch up on. Let&#8217;s dive into the top stories of the week.
Tesla Recalls Over 239,000 Vehicles
Tesla is recalling 239,382 vehicles in the U.S. due to concerns about the loss of rearview camera image, according to the National Highway Traffic Safety Administration (NHTSA). The issue arises from a potential short in the computer circuit board. Tesla has released a software update to address the problem and will replace affected computers free of charge. The recall includes 2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.
<a href="https://www.benzinga.com/tech/25/01/42909595/tesla-recalls-over-239000-vehicles-over-rearview-camera-image-display-issues">Read the full article here.</a>
Warren Buffett-Backed BYD Launches Affordable EV in Australia
Chinese EV company BYD, in which Warren Buffett&#8217;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds a stake, is launching Australia&#8217;s first EV with a starting price under $30,000. This move could significantly boost Australia&#8217;s EV market. Despite selling a portion of its stake, Berkshire still owns around 4.9% of BYD, representing approximately $1.8 billion in its portfolio.
<a href="https://www.benzinga.com/news/management/25/01/42901570/warren-buffett-backed-byd-launches-australias-first-ev-under-30k-how-the-move-could-strengthen-fight-against-elon-musks-tesla">Read the full article here.</a>
Ross Gerber Praises Tesla&#8217;s Cybertruck Amid California Wildfires
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, lauded Tesla&#8217;s Cybertruck for its performance during the devastating wildfire in Los Angeles's Pacific Palisades neighborhood. Gerber shared his experience of how the vehicle navigated fallen trees and flooded roads, and its HEPA filter system protected him from smoke.
<a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">Read the full article here.</a>
Uber and Lyft Revamp Robotaxi Strategy
Ride-hailing giants&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are revising their robotaxi ambitions. They have restructured their businesses to accommodate competitors who have cracked the code, according to the Wall Street Journal. Under the new strategy, Uber and Lyft will earn a percentage of driverless taxi bookings while maintaining the fleet.
<a href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market">Read the full article here.</a>
XPeng and Volkswagen to Build Super-Fast EV Charging Network in China
Chinese EV startup&nbsp;XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are planning to jointly build a super-fast charging network in China. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward.
<a href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Tesla Recalls Over 239,000 Vehicles, Uber and Lyft Revamp Robotaxi Strategy, Warren Buffett-Backed BYD Launches Affordable EV And More: This Week In Mobility

Companies in California and across the United States are pitching in to help consumers dealing with <a href="https://www.benzinga.com/25/01/42899953/five-dead-in-los-angeles-wildfires-utilities-face-scrutiny">wildfires in the state.</a>
What Happened: Wildfires in California have forced thousands of people to be evacuated from their homes as wildfires led to power outages and damaged properties, marking one of the potentially highest costing events in state history for the insurance industry.
Companies are pitching in to help consumers by delaying payments, offering free services and providing necessities like places to stay and food.
Here's a look at a portion of the companies offering help:
SpaceX: The company is <a href="https://www.benzinga.com/general/space/25/01/42892886/spacex-ceo-elon-musk-offers-free-starlink-terminals-to-los-angeles-areas-affected-by-wildfires">providing free Starlink</a> terminals to areas near Los Angeles impacted by the wildfires, CEO Elon Musk announced Thursday. The tweet came with a local media reporter sharing that they were using Starlink to be able to provide live coverage with a lack of cell service in the area.
Sweetgreen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>): The restaurant chain's co-founder Nicholas Jammet <a href="https://www.linkedin.com/in/nicolas-jammet-5b9b878/?trk=public_post_embed_feed-actor-name">shared </a>a video on LinkedIn saying the company was hoping to provide food to as many people impacted by the wildfires as possible.
"We want to help, we want to feed as many people as possible," Jammet said in the video.
Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>): One Starbucks location was destroyed by fires in the area, Bloomberg <a href="https://www.bloomberg.com/news/live-blog/2025-01-08/palisades-fire-near-los-angeles-latest?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>. Another location handed out coffee and food to first responders to help in the efforts.
Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>): The retailer said is was fast-tracking critical supplies to stores near Los Angeles to help get necessary supplies to first responders and customers quicker.
Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>): The retailer lost a location in the Palisades region from the fires. The retailer is also giving food and water to people in the fire-impacted areas.
Albertsons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>): The retailer is also giving food and water to first responders in the wildfire areas.
Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>): The ride-share company announced it was offering free and discounted rides to and from shelters for impacted California residents.
"Lyft is committed to providing access to reliable transportation, especially in emergencies to support communities in need," Lyft Social Impact Manager Celia Moreno <a href="https://www.lyft.com/blog/posts/help-for-those-impacted-by-wildfire-in-california">said</a>.
U-Haul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHAL#NYSE">UHAL</a>): The moving and storage company is offering 30 days free storage at 92 facilities located in Southern California for those impacted by the wildfires.
"People are hurting and in need of help. U-Haul is part of these communities, and if we can help our neighbors in this process, we are going to do so," U-Haul area district vice president Chris Piedra <a href="https://www.uhaul.com/Articles/About/Ca-Wildfire-Assistance-U-Haul-Offers-30-Days-Free-Storage-AT-92-Centers-33115/">said</a>.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): The technology giant is providing temporary relief for Apple Card users in the Los Angeles area, allowing people to postpone payments without interest, as <a href="https://x.com/markgurman/status/1877480784648397264?s=46">reported </a>by Bloomberg writer Mark Gurman. Apple CEO Tim Cook also announced the company will be donating to help in the wildfire efforts.
"Thank you to the incredible firefighters, first responders, and all those assisting for your heroic efforts. Apple will be donating to support the victims and recovery efforts on the ground," Cook <a href="https://x.com/tim_cook/status/1877176338651439162">tweeted</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): The electric vehicle company <a href="https://x.com/tesla_na/status/1877454782647980368">announced </a>it was forgiving Autopilot and FSD Supervised strikes to people in California to provide them with more options when evacuating the region.
Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>): The gym chain is offering its locations to first responders and local residents in the impacted areas as a place to shower and charge devices through January 15, as <a href="https://www.cbsnews.com/amp/news/los-angeles-wildfires-pacific-palisades-planet-fitness-airbnb/">reported </a>by CBS News.
Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>): The house rental's Airbnb.org charitable arm is helping find free temporary housing for people who had to evacuate their homes.
Toyota (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>): The automotive company <a href="https://pressroom.toyota.com/toyota-supports-california-fires-relief-efforts/">announced </a>it would offer payment relief options to those impacted by the wildfires and is also matching donations from U.S. employees made to nonprofits like The American Red Cross.
AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): The telecommunications company <a href="https://about.att.com/pages/disaster-recovery/california-fires">waived </a>overage charges and is offering unlimited talk, text and data through Feb. 6, 2025 to customers in the impacted areas.
T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>): The telecommunications company <a href="https://www.t-mobile.com/news/network/t-mobile-stands-prepared-as-wildfires-impact-southern-california">providing</a> free Wi-Fi and device charging at some retail stores in the area as well as Wi-Fi at command posts. The company is also offering unlimited talk, text and data to customers in the impacted area through Jan. 15.
DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>): The food delivery company <a href="https://about.doordash.com/en-us/news/los-angeles-wildfires-2025">offered </a>$150,000 in community credits to first responders and organizations on the ground in the impacted regions, allowing people helping with the efforts and displaced from their homes to get food and essential supplies quickly. The company is providing relief grants for local restaurants through the Restaurant Disaster Relief Fund. A total of $250,000 is also available through the Dasher Relief Fund for eligible drivers in the region impacted by the fire.
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Photo: Shutterstock

AAPL

DASH

PLNT

TMUS

UHAL

SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: 'We Want To Help'

Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>)&nbsp;and&nbsp;Lyft&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)&nbsp;have bounced back on <a target="_blank" href="https://www.benzinga.com/topic/robotaxi" rel="noreferrer noopener">their robotaxi ambitions</a>, albeit with a twist.
The ride-hailing giants restructured their businesses to accommodate competitors who have cracked the code, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/uber-lyft-self-driving-taxis-a3659c9c" rel="noreferrer noopener">reports</a>.
Under their new strategy, Uber and Lyft will gain a percentage of driverless taxi bookings while taking charge of maintaining the fleet.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42729529/social-media-stocks-react-as-trump-targets-censorship-and-delays-tiktok-ban" rel="noreferrer noopener">Trump Administration to Challenge Social Media Censorship, Setting Stage for Conflict with EU Regulations</a>
Meanwhile, robotaxi companies will get to tap the ride-sharing giants&#8217; customer base.&nbsp;
Both companies will start offering autonomous cars from&nbsp;Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;Waymo on their apps in 2025.
Uber and Lyft had shelved their self-driving car ambitions in the face of the 2020 pandemic.
<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42046316/trump-set-to-hand-musk-golden-path-for-tesla-after-reversing-course-on-autonomous-vehicle-ban" rel="noreferrer noopener">Reports indicating President-elect</a> Donald Trump&#8217;s positive stance on autonomous vehicles also acted as a breather for companies indulging in the sector.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) chief&nbsp;Elon Musk&nbsp;expects the EV giant&#8217;s <a target="_blank" href="https://www.benzinga.com/24/12/42642606/elon-musk-wants-to-raise-a-tesla-fleet-expert-estimates-vehicle-owners-can-make-40kyear-but-remains-doubtful" rel="noreferrer noopener">robotaxi fleet to</a> function like a&nbsp;combination of Airbnb, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Uber. The Future Fund&#8217;s Gary Black expects vehicle owners to make $40000 annually by renting EVs to the robotaxi fleet.
Google chief&nbsp;Sundar Pichai&nbsp;touted Tesla as <a target="_blank" href="https://www.benzinga.com/24/12/42503675/alphabet-ceo-sundar-pichai-names-tesla-as-main-competitior-to-its-waymo-robotaxi-unit" rel="noreferrer noopener">Waymo&#8217;s main competitor</a>.
Bank of America&#8217;s John Murphy&nbsp;expects Tesla&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42856115/tesla-analyst-on-high-stakes-future-optimus-robotaxi-fsd-have-potential-but-execution-risks-loom" rel="noreferrer noopener">robotaxi segment to</a> account for 50% of the EV company&#8217;s valuation and be worth $420 billion in the U.S. and over $800 billion globally.
Price Actions: UBER stock is up 0.50% at $66.64 at last check Tuesday. LYFT is up 0.52%.
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Photo by Sean Leonard on Shutterstock

GOOG

Uber and Lyft Adapt Robotaxi Strategy to Compete in Tesla and Waymo's Space

New York City&#8217;s congestion toll program launched on Sunday, adding new fees for drivers and rideshare customers. Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and LYFT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) lobbied in favor of congestion tolls and are positioned to benefit<a href="https://www.benzinga.com/news/global/25/01/42806918/new-york-citys-historic-congestion-pricing-starts-sunday-uber-and-lyft-passengers-to-pay-for-entering-manhattan"> from the new fees. </a>
What To Know: The new congestion toll program is intended to reduce traffic congestion, improve air quality and raise funds for the city's mass transit system. Most drivers entering Manhattan&#8217;s Congestion Relief Zone, south of 60th Street, will be charged a $9 toll during peak hours while rideshare services will be charged significantly less $1.50 per vehicle. 
Read Next: <a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
According to <a href="https://nypost.com/2025/01/04/us-news/uber-lyft-spent-millions-pushing-for-nyc-congestion-pricing-and-stand-to-make-killing/">a report </a>from the New York Post, Uber and Lyft have spent millions of dollars lobbying in favor of the congestion toll program and stand to benefit from its rollout.
According to the New York Post report, Lyft contributed $18,500 in each of the last four years to Gov. Kathy Hochul's campaign, which championed the new congestion tolls. The Post also reported that Uber spent $2 million between 2015 and 2019 to promote congestion tolls. 
Why It Matters: Uber and Lyft are passing the additional fee to the customer so the increased tolls will not directly affect the companies' bottom lines. The companies could also benefit from reduced traffic leading to faster service and from drivers switching to ridesharing services in order to avoid higher tolls.&nbsp;
Lyft announced it is refunding the new $1.50 congestion fee in the form of a credit for future trips for all rides completed in the month of January.&nbsp;
"Since 2019 rideshare riders have already paid a $2.75 congestion fee to the MTA for rides that start, end or pass through a separate congestion zone that begins below 96th Street in Manhattan. We don't think riders should be double taxed, and we lobbied hard for them to be exempt from this new additional $1.50 congestion fee," the company said in <a href="https://www.lyft.com/blog/posts/navigating-the-new-nyc-congestion-fee-with-lyft">a statement</a> released last week.&nbsp;
Josh Gold, a Uber spokesman, told the New York Post that the company was "early supporters of congestion pricing" but "government can't continue to raise prices and fees on New Yorkers and expect no consequences."
The full impact of congestion tolling on the rideshare services will become clearer as future ridership figures come in.&nbsp;
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin And More&nbsp;</a></li>
</ul>
Photo: Shutterstock

Uber, Lyft Could Gain From New York City Congestion Pricing They Championed

Editor's Note: This article has been updated to emphasize Benchmark's Monday analyst upgrade.
Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) received an upgrade Monday from <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d3cdb7b85e930001808a59/daniel-kurnos">Benchmark analyst Daniel Kurnos,</a> who raised the stock from Hold to Buy with a price target of $20, citing increasing evidence to &#8220;buy into the story&#8221; as the company builds on momentum from its <a href="https://www.benzinga.com/quote/LYFT/earnings">third-quarter results.</a>
Kurnos pointed to strong holiday performance, new partnership wins, and the expansion of Lyft's Price Lock platform as key drivers of future growth. He also highlighted the company's Flexdrive platform as a strategic asset, positioning Lyft to participate in the autonomous vehicle market regardless of how the industry evolves.
The upgrade comes as Lyft continues to gain attention for a $100 million lawsuit filed late last month against San Francisco, alleging the city overcharged its <a href="https://www.benzinga.com/24/12/42676801/lyft-sues-san-francisco-over-100-million-tax-bill-citing-misclassification-of-driver-payments">ride-hailing services in taxes.</a>
The Lyft Thesis: There are indications of the company performing "particularly well" during the primetime holiday hours, while benefiting from recent partnership wins, Kurnos said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Lyft could face ongoing pressure from robotaxi leaders Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and privately held Waymo, the analyst stated. He added, however, that Lyft could benefit from:
<ul>
<li>Upside to rider metrics from the company's decision to reduce surge pricing while continuing with its Price Lock platform expansion</li>
<li>Lyft expanding via partnerships, "both on the traditional and AV fronts, with prior partnerships also likely to produce near-term upside to metrics"</li>
<li>Lyft's domestic focus and lower share means they both have less at risk in North America and everything to play for globally</li>
<li>Lyft's Flexdrive platform seems suited to allow the company to be "an AV participant regardless of how the market evolves"</li>
</ul>
"Lyft's FCF inflection and forthcoming GAAP EPS inflection could usher in new potential shareholders, especially when (not if) Lyft turns its focus from debt paydown to capital returns," Kurnos further wrote.
LYFT Price Action: Shares of Lyft were up 2.59% to $14.64 at the time of publication Monday.
Read More: 
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<li><a href="https://www.benzinga.com/news/global/25/01/42806918/new-york-citys-historic-congestion-pricing-starts-sunday-uber-and-lyft-passengers-to-pay-for-entering-manhattan">New York City&#8217;s Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Upgrades

Lyft Analyst Says 'Buy Into The Story' Despite Tesla, Waymo Competition (UPDATED)

WIIM

Lyft shares are trading higher after Benchmark upgraded the stock from Hold to Buy.

Wedbush analyst Scott Devitt maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Neutral and lowers the price target from $20 to $18.

Wedbush Maintains Neutral on Lyft, Lowers Price Target to $18

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler analyst Brent Bracelin upgraded the rating for Asana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) from Neutral to Overweight and raised the price target from $19 to $27. Asana shares closed at $20.61 on Friday. <a href="https://www.benzinga.com/quote/ASAN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays analyst David Strauss upgraded The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from Equal-Weight to Overweight and raised the price target from $190 to $210. Boeing shares closed at $169.90 on Friday. <a href="https://www.benzinga.com/quote/BA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Leerink Partners analyst Michael Cherny upgraded Quest Diagnostics Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) from Market Perform to Outperform and raised the price target from $169 to $174. Quest Diagnostics shares closed at $151.92 on Friday. <a href="https://www.benzinga.com/quote/DGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital analyst Jonathan Atkin upgraded the rating for AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) from Sector Perform to Outperform and boosted the price target from $22 to $26. AT&amp;T shares closed at $22.67 on Friday. <a href="https://www.benzinga.com/quote/T/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Michael Ward upgraded Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) from Hold to Buy and maintained the price target of $20. Lyft shares closed at $14.27 on Friday. <a href="https://www.benzinga.com/quote/LYFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-1024x569.png" alt="" class="wp-image-720020" style="width:695px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06105631/image-2-10.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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ASAN

This Boeing Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday

Benchmark analyst Michael Ward upgrades Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) from Hold to Buy and maintains the price target from $20 to $20.

Benchmark Upgrades Lyft to Buy, Maintains Price Target to $20

New York City is poised to become the first U.S. city to implement congestion pricing, with drivers facing new tolls to enter Manhattan&#8217;s central business district starting Sunday. The groundbreaking initiative aims to tackle urban congestion and fund public transit improvements.
Under the plan championed by Gov. Kathy Hochul, passenger vehicles with E-ZPass will pay $9 during peak hours (5 a.m. to 9 p.m. weekdays, 9 a.m. to 9 p.m. weekends) to enter Manhattan south of Central Park. Non-E-ZPass users will pay $13.50. Overnight rates drop to $2.25 and $3.30 respectively, <a href="https://apnews.com/article/new-york-congestion-tolls-123ad0724cddfd061fb3e5a573d8417a">reported</a> Associated Press.
The program follows successful models in London, Stockholm, and Singapore. While environmental and transit advocates support the measure for its potential to reduce pollution and fund mass transit, it has faced legal challenges, including a recent unsuccessful attempt by New Jersey to block implementation.
Some relief is available through credits of up to $3 for drivers using major tunnels and bridges. The plan also offers exemptions for emergency vehicles and people with disabilities, while low-income drivers can qualify for 50% discounts after ten monthly trips.
For-hire vehicle passengers will pay surcharges ranging from 75 cents for taxis to $1.50 for rideshare services like Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>).
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

New York City's Historic Congestion Pricing Starts Sunday, Uber And Lyft Passengers To Pay For Entering Manhattan

<a href="https://www.theinformation.com/articles/predictions-2025-amazon-will-buy-lyft">https://www.theinformation.com/articles/predictions-2025-amazon-will-buy-lyft</a>
&nbsp;

AMZN

Watching Lyft; Shares See A Pop To The Upside After The Information Posts 'Predictions 2025: Amazon Will Buy Lyft'

Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) filed a lawsuit against San Francisco, accusing the city of overcharging the ride-hailing services company by $100 million in taxes from 2019 to 2023. 
Lyft argues that the city has misclassified the payments made by passengers to drivers as company revenue, which is not how Lyft operates, <a href="https://www.bloomberg.com/news/articles/2024-12-24/lyft-accuses-san-francisco-of-overcharging-100-million-in-taxes">reported</a> Bloomberg on Tuesday. 
According to the company, Lyft generates revenue through fees paid by the drivers, not passenger payments, aligning with the U.S. Securities and Exchange Commission&#8217;s treatment of driver compensation. 
The dispute highlights ongoing challenges within the gig economy, as companies like Lyft and Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) face scrutiny over their contractor models. Lyft seeks refunds, including penalties and interest, for the overcharged taxes.
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Image Via Shutterstock

Lyft Sues San Francisco Over $100 Million Tax Bill, Says Payments To Drivers By Passengers Misclassified

Lyft's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NYSE">LYFT</a>) short percent of float has fallen 21.85% since its last report. The company recently reported that it has 39.46 million shares sold short, which is 11.41% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.81 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lyft Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734702323_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lyft has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lyft's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lyft's peer group average for short interest as a percentage of float is 9.79%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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