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Barchart
Pathikrit Bose

With the Cybercab in Production, Should You Buy, Sell, or Hold Tesla Stock Now?

Cybercab Elon Musk X Sam Altman Tesla Inc.

As Tesla (TSLA) CEO Elon Musk gets ready for a legal battle with OpenAI co-founder Sam Altman, the world's richest man recently revealed in a post on social media platform X (formerly Twitter) that its fully autonomous electric vehicle (EV) Cybercab is ready for production. Sounding cautiously optimistic about the pace, Musk said, "Whenever you have a new product with a completely new supply chain... you should expect that initial production of Cybercab and Semi will be very slow, but then ramping up... towards the end of the year and certainly next year."

After an uncharacteristic lull in terms of news flow, Tesla is back in the headlines. And it has mainly been for constructive reasons, barring the recent altercation with Altman, as Tesla recently expanded its robotaxi service to two new cities in Texas. Notably, the additional news of the Cybercab going into production will only add to the good vibes.

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