Elon Musk has noted that Tesla is making “minor tweaks” to the Cybertruck’s new design to make it “better” in a recent tweet. Musk may have tweeted about the “minor tweaks” Tesla’s chief designer Franz von Holzhausen and his team made to the Cybertruck’s design earlier this year.
Musk recently responded to an inquiry to EV enthusiast @LouisFerreira, who asked why there needed to be a change to the Cybertruck at all. “Even the small details matter,” the Tesla CEO explained. In another recent tweet, Musk said that Tesla could release pictures of the refined Cybertruck with its changes in about “a month or so.”
During the TSLA Q3 earnings call, Musk further explained why improvements to the Cybertruck’s design needed to be made. “Generally, at Tesla, we really aim to make the car that is delivered better than the car that is unveiled. Because it always drives me crazy, car companies would unveil these awesome looking cars, like, great, you can’t wait until they make that,” he said.
“And then the car they actual[ly] make is like much worse, and—but it’s just—it’s like really disappointing? So man, we always want to make the car that we deliver be better than the car we unveil. And that’s the goal with the Cybertruck. So there’s like a lot of small improvements compared to what was unveiled. I think it’s going to be better than what we showed.”
Back in April, Musk hinted that Tesla was thinking of reducing the size of the Cybertruck by about 3%. Ultimately, Musk and Tesla’s design team decided against making it smaller. There are differing opinions about reducing the Cybertruck’s size amongst the Tesla community. Some love its massive size and daunting stance. Others preferred a slightly smaller Cybertruck, at least one that will fit in their garages.
It seems like Musk and Tesla have decided to release the Cybertruck in the original size it was unveiled for now. Musk hinted that Tesla might release a smaller version of the EV pickup in the future. The release of a smaller Cybertruck might heavily rely on the success of Tesla’s first release of the EV pickup.
Besides its size, Musk has previously remarked that the Cybertruck’s center line will be more leveled and its window sill height will be lowered in its production version. The all-electric car manufacturer was also working on increasing the EV pickup’s dynamic air suspension travel for a better off-roading experience. Musk has spoken of suspension improvements so the Cybertruck would “kick butt” at Baja as well.
The Tesla community has suggested some changes to the Cybertruck that may have made it to the EV pickup’s final design. For instance, the Tesla Truck Club group suggested that Tesla should consider releasing a feature that would allow drivers to roll down the rear window that separates the Cybertruck’s cabin from its bed. He said that such a function would make the EV pickup perfect for camping, especially when the Tonneau was closed, or for carrying longer items. Musk responded that the suggestion was “worth considering.”
Based on Musk’s tweets and statements about the Cybertruck during the recent earnings call, there are likely more changes to the EV pickup truck’s design than the ones mentioned previously. Although it may be safe to say that the Cybertruck’s unique triangular, origami-like exterior will most certainly stay the same.
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
