Tesla Begins Pilot Production of Cybercab, Raising Questions About Stock Valuation
Tesla has started pilot production of its Cybercab, a fully autonomous electric vehicle, with larger production expected later in the year. The company reported a nearly doubling of paid Robotaxi miles in Q1, but its core automotive business showed signs of weakness, with a decline in vehicle deliveries and increased inventory. The stock's high valuation suggests that a successful Cybercab rollout may already be factored into its price.
Tickers: $TSLA
Topics: Autonomous Vehicles Cybercab Production Update Robotaxi Tesla