Camouflaged Tesla Robotaxi/CyberCab Spotted Testing in LA, Fueling Speculation

Camouflaged Tesla Robotaxi/CyberCab Spotted Testing in LA, Fueling Speculation
Camouflaged Tesla Robotaxi/CyberCab Spotted Testing in LA, Fueling Speculation

A Reddit user has stirred excitement among Tesla fans by claiming to have spotted a mysterious new Tesla vehicle being tested on Warner Bros property in Los Angeles. According to the post, the vehicle was “tiny but covered in all sorts of strange wrapping,” fueling speculation that it could be a prototype of Tesla’s upcoming Robotaxi or even a new CyberCab model.

The user’s description suggests that the vehicle had a camouflaged design, likely to hide its features from public view. Tesla has long hinted at launching a fleet of autonomous Robotaxis as part of their vision for the future of transportation, and this sighting could indicate that testing is well underway.

Speculations are high, with many fans wondering if this is the long-awaited electric vehicle designed specifically for autonomous ride-sharing services. Tesla CEO Elon Musk has previously mentioned plans to launch a Robotaxi network, which would revolutionize urban mobility by offering affordable, driverless rides.

The test location at Warner Bros adds to the intrigue, as Tesla has been known to conduct vehicle testing in controlled environments to keep upcoming models secret. If this vehicle is indeed the highly anticipated Robotaxi or CyberCab, it could mark a significant step forward in Tesla’s quest to dominate the autonomous driving space.

As of now, Tesla has not made any official statements about the sighting, leaving enthusiasts eagerly waiting for more details about this mysterious camouflaged vehicle. Keep an eye on further updates as Tesla continues to make strides in the world of electric vehicles and autonomous driving.

Tesla will unveil its Robotaxi on October 10 in Los Angeles.

$TSLA shareholders can enter a random drawing to attend by signing up on Tesla’s stockholder platform, with each share owned counting as an entry. Winners will be notified starting the week of September 23.

Tesla’s Upcoming Robotaxi Event and 3Q24 Delivery Estimates: Analysts’ Views

Guggenheim has raised its price target for Tesla ($TSLA) to $153 (Sell rating) from $134, citing improved demand trends and updated delivery forecasts. They expect Tesla’s October 10 Robotaxi event to boost investor sentiment, but believe attention will return to Tesla’s near-term fundamentals following the event.

Canaccord Genuity, with a higher (Buy rating) $254 price target, anticipates Tesla’s 3Q24 delivery announcement ahead of the Robotaxi event. Despite lowering delivery estimates to 469,200 units, they highlight Tesla’s resilient performance in a challenging global automotive market. However, margin estimates have been revised lower due to aggressive pricing strategies.

Update (October 7th, 2024)

Cathie Wood from ARK Invest believes Tesla could make $1 trillion in revenue from self-driving cars, predicting that one company will dominate the market. She also sees great potential in AI companies like OpenAI, which recently raised $6.6 billion and is now valued at $157 billion. Although she’s aware of concerns about leadership changes at OpenAI, she supports their growth plans. Wood thinks investors will focus more on long-term AI investments due to lower interest rates and a more patient approach. She expects Tesla’s upcoming “We, Robot” event to highlight its self-driving technology, and she’s optimistic about the company’s future growth.

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