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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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- This level-headed Tesla bull still expects 5 million Cybercabs by 2040
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.
- Tesla Wants Cybercabs in Customers' Hands by the End of 2026
Lars Moravy said on the third-quarter earnings call that Tesla is trying to get Cybercabs to customers by the end of 2026, but Cybercabs built in Texas currently go to Tesla's internal Robotaxi fleet, and no delivery date, volume, price or ordering process has been given. Elon Musk said the Cybercab will mainly be offered as transport-as-a-service and largely owned by Tesla, so outside buyers are likely fleet and business customers, though an interest form posted September 3, 2026 only asked businesses about fleet purchasing. Production is paced by robotaxi demand and regulatory approvals, with installed capacity above 125,000 units and Dallas robotaxi service planned for November. Shares closed up 3.41% at $386.47 but fell 3.32% to $373.65 after hours, and the stock trades at 402 times earnings. Active FSD subscriptions reached 1.74 million, up 67% from a year earlier.
- Tesla Cybercabs Could Reach Customers by End of 2026, but Elon Musk Says Vast Majority Will Be TSLA-Owned
On Wednesday's Q3 earnings call, Elon Musk said the vast majority of Cybercabs will be owned by Tesla and operated as a transport-as-a-service, rather than sold to consumers. VP of Vehicle Engineering Lars Moravy said Tesla is trying to get Cybercabs to customers by the end of 2026, while AI lead Ashok Elluswamy suspected the first customer vehicles could join the Robotaxi fleet around Q2 next year. Current Cybercab units built in Texas are all going into Tesla's internal fleet. Tesla reported revenue of $28.05 billion, above the $27.88 billion consensus, and EPS of 48 cents against 43 cents expected, although automotive revenue fell 3% year-on-year to $20.56 billion. The company also reported 1.74 million active FSD subscriptions, up 67% year-on-year.
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The article argues that the unsupervised Robotaxi fleet could decide the Tesla stock story, but its economics have not yet shown up in reported results. The 24/7 Wall St. model sets a price target of $404.84, 8.1% above the $374.58 close on October 22, and rates the stock hold because it sees shares trading near fair value. In Q3, revenue of $28.05 billion and EPS of $0.48 beat estimates, but operating income fell 55.79% as R&D rose to $2.76 billion and battery supply limited deliveries to 486,532 vehicles. Free cash flow dropped 61.63% to $1.53 billion, while management expects about $20 billion in capex this year. Traders put 65.5% odds on a SpaceX merger being announced by the end of 2027.
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