A viral video showed a man repeatedly causing a Tesla Cybercab to slam on its brakes by jumping into the middle of the road – raising concerns that pranksters could pose a serious problem for the new driverless vehicles.
Anticipation had been building for weeks leading up to last Thursday, and rightly so. Tesla Inc. NASDAQ: TSLA was finally set to launch its Cybercab, the purpose-built robotaxi meant to propel it to the front of the self-driving race, and investors had been sending the shares higher, expecting a landmark moment.
TSLA's August registrations surge in France and Denmark but plunge across several other European markets, leaving its sales recovery mixed.
TSLA faces a probe into how nearly 1,000 Cybercabs were certified, spotlighting regulatory questions around their driverless design.
Tesla (NASDAQ: TSLA | TSLA Price Prediction) got some bad news. Its retail sales in China fell 12.4% in August.
Tesla is rated a strong buy, as its current valuation underestimates the upside from FSD, Robotaxi, and Optimus verticals. TSLA's automotive business funds and accelerates a flywheel of software-defined hardware, real-world AI, and manufacturing scale. FSD and Robotaxi could dramatically expand TAM and recurring revenue through lower costs and potential third-party licensing.
Evaluating the electric vehicles and autonomous transport sectors requires looking beyond traditional metrics such as cars produced and delivered. Wall Street now focuses on software recurring revenue and fleet utilization.
Tesla posted record deliveries and 25% revenue growth in the same quarter it missed earnings by nearly 40% and burned over a billion in free cash flow. Wall Street cannot agree on which number tells the real story.
An Amazon Prime Air Boeing 767 crashed in Miami after overshooting the runway, killing five people. The plane came to a halt just short of a parking lot full of Tesla Cybercabs.
Elon Musk is running two separate companies toward the same AI finish line, but their strategies, cash positions, and timelines could not be more different.
Tesla's management is pitching investors on an AI future while the income statement tells a very different story, and the gap between those two realities is getting harder to ignore.
Tesla launched its two-door, steering-wheel-free Cybercab on Thursday. Gary Moss and his son, David Moss, were among the first public riders to try the new vehicle.