The inventor of the Cyberbackpack is extending an Elon Musk-esque offer to Tesla employees, offering a discount at a familiar value to any company worker who wishes to buy a backpack based on the Tesla Cybertruck design.
The Cyberbackpack was invented by Riz, a Tesla owner and early adopter of electric vehicles. Riz was inspired to build a backpack for the ultimate Cybertruck fan, featuring USB-C charging ports, expanding storage capacity, and a carbon-fiber compartment for maximum protection of your goods. Just as the Tesla Cybertruck sports a war-ready design, the Cyberbackpack also provides complete protection for books, laptops, and other tech items.
Riz and CyberBrands are now offering any Tesla employee interested in snagging the Cyberbackpack, which usually retails at $249, a…you guessed it…69 percent discount. All you have to do is fill out the Typeform on the product website.
Riz said the idea came from Tesla CEO Elon Musk’s recent decision to buy Twitter, as employees will have more money to spend on Tesla products to support the company if they want the backpack.
“We are doing what we can to help Elon buy Twitter. More money in Tesla employees’ pockets means more money for them to spend on Tesla products,” Riz said.
The Cyberbackpack is a product that has a rich story. After Riz proposed the idea of working on the backpack with Tesla, he became alarmed when the automaker filed a trademark claim for the product’s name.
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“My goal is to work with Tesla in some fashion to distribute the product. That’s why I reached out initially. However, if that does not happen, then I would like to continue marketing and selling on my site,” Riz told us in an interview back in April. He actually started developing the product after the Sandy Hook tragedy as a way to protect children at school.
The debacle with Tesla, which was really done to protect the likeness of the Cybertruck as most people would associate it with Tesla, a patent attorney explained to us, Riz decided to build a new company: CyberBrands. This has resulted in several new products based on the Cyberbackpack, including a power bank and a sling bag (which are unfortunately not a part of the Tesla employee promo).
My favorite Cyberbackpack uses
I personally use a Cyberbackpack daily, as I use it for a gym backpack every day. Additionally, it came in handy with a USB power bank over the Summer on the beaches of Assateague Island. After the Bluetooth Bose Speaker or my iPhone was low on a charge, the Cyberbackpack’s awesome versatility as a portable charger comes in handy. Of course, there are days my headphones aren’t charged for the gym, and the Cyberbackpack takes care of that as well.
It’s a great backpack and has a lot of space and storage. I packed an entire weekend of clothing, plus my MacBook, iPad, and chargers in the bag, and still had room leftover. For the price after the 69 percent discount that Riz is offering to Tesla employees, it’s really a bargain.
Just got my Cyberbackpack in the mail! @Riz has a great product here and I cannot wait to put it to use this summer!! pic.twitter.com/CimqDA758B
— Joey Klender (@KlenderJoey) May 31, 2022
Non-Tesla employees, you can buy the Cyberbackpack here.
Disclosure and Promotional Rules: 1. The discount amount will be 69% off the listed price. 2. The discount cannot be combined with other discounts. 3. The discount only applies to backpacks with power banks. 4. The discount can only be used one (1) time and by the email address provided. 5. Discount code will expire in 24 hours, after which you will have to request a new code.
I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
