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How will Tesla's stock price change within a week after the 'We, Robot' event in 2024?
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Story
Tesla to Unveil 'Cybercab' Robotaxi at 'We, Robot' Event, Mass Production Expected in 2027
Oct 9, 2024, 09:09 AM
Tesla is set to unveil its new autonomous taxi, dubbed the 'Cybercab', at the upcoming 'We, Robot' event. This reveal comes after years of anticipation and promises from CEO Elon Musk, who initially promised a fully autonomous vehicle by 2019. Experts remain skeptical about the profitability of robotaxis, despite high trust among riders and early adopters giving an average satisfaction rating of 8.53 out of 10. The Cybercab is expected to play a significant role in Tesla's future ride-share service, potentially unlocking a multi-trillion dollar market and driving approximately 90% of Tesla's valuation over the next five years. According to supply chain analyst Ming Chi Kuo, mass production of the Cybercab may begin in the first quarter of 2027. The announcement is crucial for Tesla, especially as it has downplayed a sales slowdown and sacrificed plans for a cheaper car.
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