Tesla (TSLA) Stock Dips as Cybercab Hype Builds – JPMorgan Weighs In
TLDR
- Tesla stock dropped 0.5% to $349.26 Thursday, a day after gaining 4.2%, which was driven by a Cybercab event teaser.
- Tesla teased an upcoming Cybercab event, signaling the purpose-built robo-taxi may be entering its fleet soon.
- JPMorgan analyst Rajat Gupta says the next major fleet inflection point is tied to the rollout of FSD Version 15 later this year.
- JPMorgan’s meeting with Tesla management confirmed confidence in near-term Cybercab scaling, with future vehicle models expected on the same platform.
- Optimus Gen 3 commercial sales could begin in the second half of 2027, with a reveal planned closer to production start at Fremont.
Tesla stock gave back some ground Thursday morning, slipping 0.5% to $349.26, a day after a 4.2% rally fueled by excitement around the company’s Cybercab robo-taxi program.
The stock is still down 22% in 2026. S&P 500 and Dow futures were also slightly lower, down 0.1% and 0.2% respectively.
Wednesday’s gain came after Tesla teased a Cybercab event on Monday evening. The purpose-built two-seat, no-steering-wheel vehicle has been highly anticipated by investors looking for the robo-taxi business to scale.
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