Tesla will officially unveil its self-driving taxi Cybercab this Thursday local time. This announcement is expected to mark a major breakthrough for Tesla in this business to catch up with its competitor Waymo. Morgan Stanley analyst Andrew Percoco pointed out on Wednesday that Cybercab's launch will be more important than previous product demonstrations. The business accounts for a value of $120 out of Tesla's target price of $400, so it's a big deal.

Tesla will officially unveil its self-driving taxi Cybercab this Thursday local time. This announcement is expected to mark a major breakthrough for Tesla in this business to catch up with its competitor Waymo. Morgan Stanley analyst Andrew Percoco pointed out on Wednesday that Cybercab's launch will be more important than previous product demonstrations. The business accounts for a value of $120 out of Tesla's target price of $400, so it's a big deal.