Tesla to unveil Cybercab, its big bet on self driving cars
Published On Oct 9, 2024, 7:04 PM
Elon Musk is set to unveil Tesla's Cybercab robotaxi prototype at the 'We, Robot' event in California. The project has faced delays but aims to showcase significant advancements in self-driving technology that could allow Tesla owners to rent their vehicles when not in use. Analysts expect concrete details about the Cybercab's design and operational aspects, and the event comes amidst scrutiny over Tesla's competition and the recent departure of key executives.
Stock Forecasts
TSLA
Positive
Given the anticipation surrounding the event, a successful unveiling of the Cybercab prototype could bolster investor confidence and drive Tesla's stock price upwards. However, failure to deliver significant updates might disappoint stakeholders and negatively impact the stock.
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