The Tesla Cybertruck unveiling is just a few hours away. Social media posts indicate that attendees are now gathering in Texas. Even Tesla CEO Elon Musk, who recently made headlines after a fiery and controversial interview at The New York Times DealBook Summit, has been pretty quiet on X, the social media platform formerly known as Twitter.
Needless to say, the anticipation surrounding the Cybertruck is discernible. Quite impressively, Tesla has actually been able to keep pretty much every important detail about the Cybertruck a secret. Even the details of the vehicle’s unveiling event have been kept under wraps, with invites only including a general schedule for the occasion.
Elon Musk, however, has made it no secret that the Cybertruck’s delivery event is among Tesla’s most important. In his DealBook Summit interview, Musk went so far as to state that the Cybertruck launch would be the “biggest on Earth this year.” These statements definitely give the impression that the Cybertruck’s delivery event is an important occasion — one that could make Tesla into an event more notable company today.
Amidst all this excitement, we at Teslarati are expecting a number of highlights from the upcoming Cybertruck first delivery event. Here then are the top five things we are hoping to see in the Cybertruck launch.
Tomorrow… pic.twitter.com/TFQY4xczEo— Tesla (@Tesla) November 30, 2023
Specs and more specs
Tesla has done a stellar job of keeping the Cybertruck’s specs under wraps. Despite the large number of Cybertruck sightings over the past months, practically no leaks about the all-electric pickup truck’s key information have been shared online. In the upcoming event, Tesla will most definitely share the specifications of the Cybertruck, from its range to its performance, special features, and accessories.
Steel Ball Test 2.0
The Tesla Cybertruck unveiling became meme-worthy partly due to the failed steel ball test conducted by CEO Elon Musk and Chief Designer Franz von Holzhausen. The Cybertruck’s Armor Glass cracked when it was struck by the ball during the test, much to the shock of the audience and Musk himself. Tesla later clarified that the Cybertruck’s window was damaged by an earlier sledgehammer test, but the failed steel ball test was already immortalized in internet memes by then.
In a way, the Cybertruck’s steel ball test is unfinished business for Tesla and executives like Elon Musk. Thus, it would not be surprising if the EV maker conducts another steel ball test during the upcoming Cybertruck first delivery event. Hopefully, the test succeeds this time around.
Cybertruck Delivery Event https://t.co/rWd111HvHc— Tesla (@Tesla) November 29, 2023
Future Feature Teasers
Tesla is known for having industry-leading tech and features on its vehicles. The company is also known for announcing features that will be rolled out at a later date. This was the case with the Tesla Semi, whose Convoy Mode, which was announced in late 2017, is still yet to be released to consumers’ trucks today. Being Tesla’s newest and potentially most disruptive car to date, the Cybertruck will likely be announced with some notable features, some of which will also be released in the future.
Other Trim Details
When the Cybertruck was initially unveiled, Elon Musk noted that the all-electric pickup truck would come in three trims: a single-motor RWD version, a Dual Motor AWD variant, and a Tri-Motor AWD version. Elon Musk also hinted at a potential Quad-Motor variant later on, though details about the potential trim have been scarce. In the upcoming Cybertruck delivery event, Tesla would likely clarify the all-electric pickup truck’s final lineup, as well as each trim’s target release date.
Test Rides
Tesla held test rides with the Cybertruck when it was unveiled in late 2019. Considering that the vehicle is now ready for consumers, it would also not be surprising if Tesla offers test rides in the production Cybertruck for the first delivery event’s attendees. Test rides would likely be appreciated by the event’s attendees, as it would provide them with a firsthand experience with the all-electric pickup truck.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
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
