Tesla surprisingly cut about $5 billion from its capital expenditure plans, yet investors remain confident in the long-term potential of a large Cybercab network. Morgan Stanley analyst Andrew Percoco, who rates the stock Equal Weight, still models a fleet of 5 million Cybercabs by the end of 2040 under reasonable assumptions, with sharp growth over the next three years. Musk said the Austin, Texas Cybercab fleet has grown tenfold since launching roughly a month ago, with more than 300 vehicles operating and nearly 2 million cumulative unsupervised miles as of the end of the third quarter. Operating hours in Austin now run from 6 a.m. to midnight, and Tesla plans to expand to Dallas in November. Management acknowledged that software is a constraint on scaling today, though regulatory approvals could become the main bottleneck over time.
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TSLAElon Muskelectric vehiclesself-driving cars
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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