Tesla's ride-hailing service in the California Bay Area is somewhat similar to what the company is doing with Robotaxi in Austin, Texas.
Denholm’s letter emphasized Tesla is at a “critical inflection point” as it scales AI-driven projects such as Full Self-Driving (FSD) and Optimus.
The firm cited upcoming production milestones for the Cybercab, Semi, and Optimus as key drivers behind its revised valuation.
A check of the company’s Careers website shows 30 open positions tied to the Cybercab project, with 25 focused directly on vehicle manufacturing.