- Morgan Stanley kept its Equal Weight rating and $400 TSLA price target, saying a limited Cybercab deployment could pressure shares while a broader robotaxi rollout could lift them.
- Texas DMV data cited by Morgan Stanley showed Tesla had registered about 40 additional Cybercabs, signaling preparations for a potentially larger commercial rollout.
- China-made Model 3 and Model Y sales rose 3.6% year over year in August, slowing sharply from July’s 38% growth; European registration data was mixed.
Quotes
“If Tesla simply unveils the Cybercab and puts only a limited number of vehicles on the road, the firm expects shares could sell off through the event.”
“simple unveiling of the autonomous taxi car is unlikely to trigger a substantial rally”