This Week in Tesla: Elon Musk Touts 'Golden Era' With Cybercab Amid Fleet Expansion

The past week was another eventful one for Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk as the company geared up to officially launch the Cybercab in Austin. Here’s a quick recap of the top stories.

Musk Hails Cybercab’s Rare-Earth-Free Motor

Musk outlined that the Cybercab’s electric motor features a design that is rare-earth-free, which he described as “extremely hard to achieve.” The motor, according to Tesla investor Sawyer Merritt, is “18% smaller, 25% lighter and more efficient” than others on the market. Read the full article here.

Gene Munster on Musk’s Changing Attitude

Investor Gene Munster of Deepwater Asset Management believes that the Cybercab launch signals a shift in Musk’s perspective on self-driving vehicle incidents. Munster anticipates Tesla will deploy 300 units of the Cybercab across Austin within the next month. Read the full article here.

Elon Musk Foresees ‘Golden Era’ of Mobility

Musk declared that the arrival of a “golden era of transport” will follow the launch of Tesla’s Cybercab. The CEO also revealed that the cab will offer Space Exploration Technologies Corp.’s (NASDAQ:SPCX) Starlink internet service on board. Read the full article here.

Gary Black on Tesla’s Valuation

Gary Black, the Managing Partner at The Future Fund LLC, has warned investors about Tesla’s sky-high valuation. While he acknowledges Tesla’s “significant manufacturing cost advantage,” he advises against shorting the stock, citing the company’s “best-in-class technology” and “key secular megatrends.” Read the full article here.

Tesla’s Cybercab Fleet Expands

Ahead of its launch, Tesla’s Cybercab fleet had grown to 45 vehicles, according to Texas’ public automated-vehicle records. This development marked a step forward towards Tesla’s autonomous ride-hailing ambitions. Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.

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