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Tesla Roadster, Cybertruck top list of most anticipated EVs in the world
A study from Lease Fetcher, a UK-based vehicle leasing comparison platform, has determined that among the EVs that are yet to be released and those that are already available in the market, Tesla’s cars are among the most desired. After studying the search volume for electric cars across 172 countries, the UK-based firm found that the Tesla Roadster is the most anticipated EV model worldwide.
The firm’s study found that overall, the Tesla Roadster has been searched a whopping 6,960,000 times in 2022. That’s an average of 580,000 times per month. This is quite impressive because the new Roadster is not even out yet, and it’s been years since its initial unveiling. While the Roadster would likely be a vehicle that is not mass manufactured anywhere close to the volumes of the Model 3 and Model Y, it is nonetheless an EV that captures the imagination.
Following the Tesla Roadster is the electric vehicle maker’s other upcoming vehicle, the Cybertruck. The study found that the Cybetruck was the second most anticipated electric car model on a global scale, with the vehicle being searched for 6,612,000 times. Just like the next-generation Roadster, the interest surrounding the Cybertruck is impressive, considering the vehicle’s delayed deliveries and production.
Interestingly, the EVs that followed the Tesla Roadster and the Cybertruck was a rather eclectic mix of electric cars. Behind the Cybertruck, for example, was the Volkswagen ID. Buzz, which saw 4,404,000 global searches; the very-much-still-a-rumor Apple Car, which saw 3,432,000 global searches, and the 2023 GMC Hummer EV, which saw 2,400,000 searches worldwide.
This does not mean to say that Tesla’s existing lineup is not seeing a lot of interest. As noted by the car leasing company’s study, the Tesla Model 3 sedan is actually still the hottest EV on the internet, seeing an incredible 25,200,000 searches globally. That’s an average of 2,100,000 per month. Following the Model 3 is the Kia EV6, which saw 16,440,000 yearly searches, the Tesla Model Y crossover, which saw 15,600,000 annual searches, the Hyundai Ioniq 5, which saw 13,320,000 searches, and the Porsche Taycan, which saw 12,240,000 global searches.
The Tesla Model S and Model X are still part of the list of the world’s most desired EVs by global search volume. The Model X, for example, is in sixth place with 10,752,000 global searches. The Model S is right behind the Model X, with 10,032,000 global searches. This suggests that Tesla’s entire electric vehicle catalog — including its more expensive models — is ranked among the world’s most desirable EVs.
Lease Fetcher summarized its thoughts about Tesla’s results in the following statement.
“Tesla has such a domineering presence in the electric car industry that it’s no surprise that their models are amongst the most popular current models, and the most anticipated. For many, Tesla is synonymous with electric cars. In terms of models available in 2022, the Tesla Model 3 has been a massive hit with EV buyers – it’s a powerful, environmentally-friendly model with an attractive body. It has been a welcome change for many EV buyers who were not drawn in by some of the quirkier EV designs by other manufacturers,” the firm noted.
The full study from Lease Fetcher can be viewed here.
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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
