Tesla Stock Soars Ahead of Cybercab Launch
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Tesla Stock Soars Ahead of Cybercab Launch Nauman Khan Thu, September 3, 2026 at 5:29 PM EDT 1 min read TSLA This article first appeared on GuruFocus . Tesla ( NASDAQ:TSLA ) shares climbed about 7% Thursday as investors focused on the company's Cybercab unveiling in Austin, putting its autonomous driving plans back at the center of the stock's narrative. The two-seat vehicle is designed without a steering wheel or pedals and is intended for Tesla's planned driverless ride-hailing network. The company has said Cybercab production started in April, although initial output is expected to be limited. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. Tesla's robotaxi operations remain relatively small. Its service uses autonomous Model Ys in parts of Texas and Florida, with some vehicles still operating with human safety monitors. Regulatory requirements could also constrain the pace of expansion, particularly in California. Wall Street remains divided on the potential. StoneX maintained a Buy rating and a $475 price target, while Barclays kept a Hold rating with a $370 target. Tesla's shares had already risen 16% in August. For Tesla stock, the Cybercab event could provide investors with another test of whether autonomous driving can develop into a meaningful business alongside its core EV operations.
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