Tesla's 'We, Robot' Event to Unveil Cybercab Robotaxi on October 10, Potential Mass Production by 2027

Oct 10, 2024, 03:37 PM

Tesla is set to unveil its highly anticipated robotaxi, dubbed the Cybercab, during the 'We, Robot' event scheduled for October 10, 2024. This event is expected to be a pivotal moment for the company, as CEO Elon Musk has claimed it will be 'one for the history books.' The announcement comes amid skepticism from analysts regarding the timeline for mass production, with some suggesting it may not occur until 2027. Investors are closely monitoring this event, as it could significantly impact Tesla's stock and its competitors, Uber and Lyft. Analysts from Wedbush have emphasized the importance of this unveiling, noting that AI and fully autonomous driving technology could represent a standalone valuation of $1 trillion for Tesla. The event will be streamed across various platforms, including Chinese social media, and is anticipated to attract significant attention from both institutional and individual investors. Musk's previous promises regarding autonomous vehicles have been met with skepticism, making this event crucial for restoring confidence in Tesla's future growth prospects.