Tesla Autonomous Robotaxi Cybercab to Debut: Analysts Predict Key Features

After being postponed from its planned August date, Tesla is set to debut its autonomous robotaxi on Thursday. Analysts anticipate several changes from the maker of electric vehicles (EVs). Analysts from Deutsche Bank and Wedbush recently stated that they anticipate seeing a demonstration of the car, which is rumored to be known as the Cybercab, as well as estimates of the robotaxi’s operating costs, production and availability locations, and potential design elements for Tesla’s ride-sharing software.

Tesla’s Robotaxi Launch and AI Upgrades: Analysts Maintain $300 Price Target

According to analysts, Tesla may also unveil other upgrades on its self-driving software, the Optimus humanoid robot, and other projects in addition to the new, less expensive car that has been the company’s long-term objective. Robotaxi’s introduction was a landmark day in the company’s history. Wedbush analysts maintained their outperform rating with a $300 price target, saying they still think Tesla is the most undervalued AI company on the market.

The buy-rated and $295 price target Deutsche Bank analysts expressed before the event that they are positive, but they are aware that strong expectations could cause investors to sell the news after the event. After a significant selloff in the first half of the year, Tesla shares have rebounded considerably, but they are still currently down roughly 3% for 2024.

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