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.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

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.

Related News

Tesla investor weighs in on ‘disappointing development’ | Fox Business Video

Gerber Kawasaki CEO Ross Gerber comments on Tesla’s ‘We, Robot’ event and the market reaction on ‘The Claman Countdown.’

TSLA

Tesla Loses Court Battle in Swedish Labor Dispute

Oct 11, 2024, 2:35 PM

A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.

TSLA

'Stunningly absent on detail': Tesla robotaxi event leaves investors wanting more

Oct 11, 2024, 1:01 PM

Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.

TSLA