KEY POINTS
  • Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever.
  • Both companies have had a particularly rough ride on the public markets since their respective IPOs earlier this year.
  • Lyft and Uber's leadership have said their companies' peak losses should be behind them, but investors remain skeptical about whether they can turn a profit anytime soon.
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018.

Shares of Uber and Lyft fell to fresh lows on Tuesday, posting their lowest close ever, as the ride-hailing companies face growing skepticism from investors.

Uber closed down 5.7% to $30.70, falling below its previous low of $32.57 on Aug. 30. Earlier in the day, the shares hit an intraday all-time low of $30.67.