Tesla Unveils First Production Cybercab Priced at $30,000
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy TSLA?
Source: Benzinga
- First Cybercab Production: Tesla has produced the first unit of the Cybercab at its Gigafactory in Texas, marking a significant milestone in the electric taxi sector that is likely to attract considerable consumer interest.
- Price Confirmation: Elon Musk confirmed that the Cybercab will be priced at $30,000, with plans to sell it to customers by 2027, demonstrating Tesla's competitive edge in the electric mobility market.
- Market Reaction: Tesla's stock fell 1.63% to $410.63 at market close on Tuesday, but rebounded slightly by 0.28% in after-hours trading, reflecting market anticipation for the new product and fluctuations in investor confidence.
- Future Outlook: Tesla's strategy in the electric taxi market aligns with its favorable long-term price trends, indicating the company's strategic planning and market potential in the future mobility landscape.
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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: 417.440
Low
25.28
Averages
401.93
High
600.00
Current: 417.440
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.
Tesla Launches Production of Cybercab, Aiming for $30,000 Price Point
- Production Milestone: Tesla has successfully rolled off the first Cybercab from its Texas gigafactory, marking a significant advancement in the company's autonomous driving ambitions, with volume production slated to begin in April, further positioning Tesla in the electric taxi market.
- Efficiency Boost: CEO Elon Musk stated that Tesla's production lines will ultimately be able to produce a Cybercab every 10 seconds, significantly enhancing the company's output to meet future demand for autonomous taxis in a rapidly evolving market.
- Pricing Commitment: Musk reiterated on social media that the Cybercab is targeted to be priced below $30,000, despite skepticism from the market; this pricing strategy aims to attract more consumers and expand market share, particularly in the competitive EV landscape.
- Technological Innovation: The Cybercab will feature wireless charging technology, eliminating the need for plug-in ports, along with butterfly-style doors and the sharp design of the Cybertruck, albeit without the stainless steel to reduce costs, enhancing user experience and product appeal.
See More
Tesla's Cybercab Production Goal Set for April Reaffirmed by Elon Musk
- Production Goal Reaffirmed: Tesla CEO Elon Musk reiterated on social media that production of the Cybercab will commence in April, marking a significant advancement in the company's autonomous vehicle efforts.
- Radical Production Redesign: Musk revealed that Tesla is adopting a 'radical redesign of car manufacturing' to achieve approximately 5X higher production rates, indicating that while initial output may be slow, it will ramp up significantly over time.
- Autonomous Fleet Outlook: Musk predicts that Tesla's autonomous fleet will become the largest in the future, despite the current Full Self-Driving (FSD) service requiring human intervention, reflecting the company's ambitious technological goals.
- Market Performance: As of February 13, Tesla's stock gained 0.09%, closing at $417.44, indicating market confidence in the company's growth potential.
See More
Tesla Complies with Marketing Practices, Avoids Sales Suspension
- Compliance Action: The California DMV announced that Tesla has implemented corrective actions to align its marketing practices with regulations, thereby avoiding a previously threatened 30-day suspension of vehicle sales in the state, ensuring continued operations in California.
- Marketing Adjustments: Over the past 90 days, Tesla has revised its promotion of automated driving features, discontinuing the term 'Autopilot' and emphasizing 'Full Self-Driving (Supervised)' to more accurately reflect the capabilities of its products.
- Regulatory Context: This action follows allegations from California regulators that Tesla overstated the capabilities of its automated driving features, leading to a 90-day compliance requirement, highlighting the company's responsiveness to regulatory demands.
- Future Outlook: By achieving compliance, Tesla not only avoids a sales suspension but may also enhance consumer trust in its products, thereby maintaining a competitive edge in the rapidly evolving electric vehicle market.
See More
Tesla Integrates xAI's Grok AI Chatbot in European Markets
- Market Expansion: Tesla will integrate xAI's Grok AI chatbot into its in-car infotainment systems across the UK and eight additional European markets, aiming to enhance user experience and strengthen its competitive position.
- Sales Challenges: Tesla finished 2025 with weaker sales in Europe, facing strong competition from Chinese automaker BYD, indicating pressure on Tesla's market share in the region.
- Investment Dynamics: In its fourth-quarter earnings update, Tesla disclosed a $2 billion investment into CEO Elon Musk's xAI, which not only supports xAI's development but may also lay the groundwork for future technological innovations at Tesla.
- Regulatory Scrutiny: Ireland's data protection regulator has opened an inquiry into xAI's Grok chatbot due to allegations of generating and sharing sexualized images, which could pose risks to Tesla's brand image and compliance efforts.
See More
Tesla Unveils First Production Cybercab Priced at $30,000
- First Cybercab Production: Tesla has produced the first unit of the Cybercab at its Gigafactory in Texas, marking a significant milestone in the electric taxi sector that is likely to attract considerable consumer interest.
- Price Confirmation: Elon Musk confirmed that the Cybercab will be priced at $30,000, with plans to sell it to customers by 2027, demonstrating Tesla's competitive edge in the electric mobility market.
- Market Reaction: Tesla's stock fell 1.63% to $410.63 at market close on Tuesday, but rebounded slightly by 0.28% in after-hours trading, reflecting market anticipation for the new product and fluctuations in investor confidence.
- Future Outlook: Tesla's strategy in the electric taxi market aligns with its favorable long-term price trends, indicating the company's strategic planning and market potential in the future mobility landscape.
See More
Surge in Travel Demand for China's Lunar New Year
- Travel Predictions: Preliminary figures indicate that Beijing is expected to see 110 million trips during the Lunar New Year, with a staggering 9.5 billion trips nationwide, reflecting a strong desire for new experiences among China's 1.4 billion population and signaling economic recovery.
- Tourism Resurgence: Xishuangbanna reported over 4 million visits and tourism revenue of 5.04 billion yuan (approximately $730 million) during the holiday, demonstrating the resilience of local tourism markets in attracting visitors despite economic challenges.
- Theme Park Launch: iQiyi opened its first theme park in Yangzhou, featuring virtual reality and live performances to meet the rising demand for offline entertainment, positioning it as a new growth driver for the company amid fierce competition in the streaming market.
- Luxury Market Trends: Despite retail sales in China growing only 0.9% in December, Louis Vuitton opened two new stores in the past year, emphasizing the use of social media and celebrity endorsements to attract consumers, showcasing the resilience of luxury brands during the festive shopping season.
See More
Tesla Launches Production of Cybercab, Aiming for $30,000 Price Point
- Production Milestone: Tesla has successfully rolled off the first Cybercab from its Texas gigafactory, marking a significant advancement in the company's autonomous driving ambitions, with volume production slated to begin in April, further positioning Tesla in the electric taxi market.
- Efficiency Boost: CEO Elon Musk stated that Tesla's production lines will ultimately be able to produce a Cybercab every 10 seconds, significantly enhancing the company's output to meet future demand for autonomous taxis in a rapidly evolving market.
- Pricing Commitment: Musk reiterated on social media that the Cybercab is targeted to be priced below $30,000, despite skepticism from the market; this pricing strategy aims to attract more consumers and expand market share, particularly in the competitive EV landscape.
- Technological Innovation: The Cybercab will feature wireless charging technology, eliminating the need for plug-in ports, along with butterfly-style doors and the sharp design of the Cybertruck, albeit without the stainless steel to reduce costs, enhancing user experience and product appeal.
See More
Tesla's Cybercab Production Goal Set for April Reaffirmed by Elon Musk
- Production Goal Reaffirmed: Tesla CEO Elon Musk reiterated on social media that production of the Cybercab will commence in April, marking a significant advancement in the company's autonomous vehicle efforts.
- Radical Production Redesign: Musk revealed that Tesla is adopting a 'radical redesign of car manufacturing' to achieve approximately 5X higher production rates, indicating that while initial output may be slow, it will ramp up significantly over time.
- Autonomous Fleet Outlook: Musk predicts that Tesla's autonomous fleet will become the largest in the future, despite the current Full Self-Driving (FSD) service requiring human intervention, reflecting the company's ambitious technological goals.
- Market Performance: As of February 13, Tesla's stock gained 0.09%, closing at $417.44, indicating market confidence in the company's growth potential.
See More
Tesla Complies with Marketing Practices, Avoids Sales Suspension
- Compliance Action: The California DMV announced that Tesla has implemented corrective actions to align its marketing practices with regulations, thereby avoiding a previously threatened 30-day suspension of vehicle sales in the state, ensuring continued operations in California.
- Marketing Adjustments: Over the past 90 days, Tesla has revised its promotion of automated driving features, discontinuing the term 'Autopilot' and emphasizing 'Full Self-Driving (Supervised)' to more accurately reflect the capabilities of its products.
- Regulatory Context: This action follows allegations from California regulators that Tesla overstated the capabilities of its automated driving features, leading to a 90-day compliance requirement, highlighting the company's responsiveness to regulatory demands.
- Future Outlook: By achieving compliance, Tesla not only avoids a sales suspension but may also enhance consumer trust in its products, thereby maintaining a competitive edge in the rapidly evolving electric vehicle market.
See More
Tesla Integrates xAI's Grok AI Chatbot in European Markets
- Market Expansion: Tesla will integrate xAI's Grok AI chatbot into its in-car infotainment systems across the UK and eight additional European markets, aiming to enhance user experience and strengthen its competitive position.
- Sales Challenges: Tesla finished 2025 with weaker sales in Europe, facing strong competition from Chinese automaker BYD, indicating pressure on Tesla's market share in the region.
- Investment Dynamics: In its fourth-quarter earnings update, Tesla disclosed a $2 billion investment into CEO Elon Musk's xAI, which not only supports xAI's development but may also lay the groundwork for future technological innovations at Tesla.
- Regulatory Scrutiny: Ireland's data protection regulator has opened an inquiry into xAI's Grok chatbot due to allegations of generating and sharing sexualized images, which could pose risks to Tesla's brand image and compliance efforts.
See More
Tesla Unveils First Production Cybercab Priced at $30,000
- First Cybercab Production: Tesla has produced the first unit of the Cybercab at its Gigafactory in Texas, marking a significant milestone in the electric taxi sector that is likely to attract considerable consumer interest.
- Price Confirmation: Elon Musk confirmed that the Cybercab will be priced at $30,000, with plans to sell it to customers by 2027, demonstrating Tesla's competitive edge in the electric mobility market.
- Market Reaction: Tesla's stock fell 1.63% to $410.63 at market close on Tuesday, but rebounded slightly by 0.28% in after-hours trading, reflecting market anticipation for the new product and fluctuations in investor confidence.
- Future Outlook: Tesla's strategy in the electric taxi market aligns with its favorable long-term price trends, indicating the company's strategic planning and market potential in the future mobility landscape.
See More
Surge in Travel Demand for China's Lunar New Year
- Travel Predictions: Preliminary figures indicate that Beijing is expected to see 110 million trips during the Lunar New Year, with a staggering 9.5 billion trips nationwide, reflecting a strong desire for new experiences among China's 1.4 billion population and signaling economic recovery.
- Tourism Resurgence: Xishuangbanna reported over 4 million visits and tourism revenue of 5.04 billion yuan (approximately $730 million) during the holiday, demonstrating the resilience of local tourism markets in attracting visitors despite economic challenges.
- Theme Park Launch: iQiyi opened its first theme park in Yangzhou, featuring virtual reality and live performances to meet the rising demand for offline entertainment, positioning it as a new growth driver for the company amid fierce competition in the streaming market.
- Luxury Market Trends: Despite retail sales in China growing only 0.9% in December, Louis Vuitton opened two new stores in the past year, emphasizing the use of social media and celebrity endorsements to attract consumers, showcasing the resilience of luxury brands during the festive shopping season.
See More
