Tesla to Launch Steering-Wheel-Free Electric Vehicle Soon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy TSLA?
Source: Fool
- Cybercab Production Plans: CEO Elon Musk confirmed that production of the Cybercab, a steering-wheel-free and pedal-free electric vehicle, will begin in April, integrating into Tesla's Robotaxi autonomous ride-sharing network, which is expected to further enhance the company's advancements in self-driving technology.
- Market Demand Challenges: Despite significant progress in autonomous driving technology, investors must consider whether demand for this new vehicle will be sufficient to support its high valuation, especially in an increasingly competitive electric vehicle market.
- Autonomous Vision: Tesla is transforming into a higher-margin, robotics-focused business, with the vice president stating that the majority of miles driven in the future will be autonomous, emphasizing the company's shift towards providing transportation as a service rather than just selling vehicles.
- User Participation Model: The Cybercab will allow owners to participate in a revenue-sharing program similar to Airbnb, which could attract more users to the Robotaxi network, thereby increasing Tesla's market share.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 411.320
Low
25.28
Averages
401.93
High
600.00
Current: 411.320
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Commute Time Impact: Podcast host John Coogan highlighted that people spend about 45 minutes commuting daily, suggesting that self-driving cars may encourage residents to live in farther suburbs, thus driving urban boundary expansion and optimizing land use.
- Satellite Internet Development Aid: Musk's Starlink satellite internet service is seen as a potential provider of internet access in underdeveloped areas, further promoting housing development in these regions, showcasing the role of technology in infrastructure enhancement.
- Tesla Robotaxi Challenges: Tesla's Robotaxi service in Austin has reported 14 accidents since its mid-2025 launch, indicating ongoing challenges but also underscoring the necessity for continuous exploration and improvement in the autonomous driving sector.
See More
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- Significant Technological Advances: The 2026 Spring Festival Gala showcased Chinese humanoid robots performing diverse acts from kung fu to gymnastics, marking a notable technological leap, with viewers expressing admiration for their fluidity and capabilities, highlighting China's leading position in robotics.
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- Shipment Expectations: Unitree anticipates shipments of 10,000 to 20,000 humanoid robots in 2026, reflecting strong market demand and economic potential, particularly in tasks requiring delicate handling and precision.
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