Tesla's surprise $5 billion cut to its capital expenditure plans has not shaken investor confidence 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 by the end of 2040, driven by sharp growth over the next three years. Musk said the Austin fleet has grown tenfold since launching about a month ago, with more than 300 Cybercabs operating there and nearly 2 million cumulative unsupervised miles as of the end of the third quarter. Austin operating hours are now 6 a.m. to midnight, and Tesla plans to expand to Dallas in November. Management acknowledged that software capabilities currently constrain scaling, though regulatory approvals could become the main bottleneck over time.
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Teslaelectric 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 | 386.47 |
| Change that session | +3.41% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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