According to Chaoxiang Research, a Morgan Stanley report dated September 4 indicated that Tesla’s Cybercab has officially launched autonomous ride-hailing services in Austin, with users able to select either the Cybercab (two-seater) or Model Y (four-seater) via the Robotaxi app. Texas DMV data shows that 45 Cybercabs have been registered, increasing from seven in the days leading up to the launch. Tesla’s unsupervised autonomous driving mileage has exceeded 1 million miles, a more than 160% increase from 380,000 miles in the second quarter. The Cybercab is expected to be priced below $30,000, with an operating cost per mile under $0.20 and support for wireless induction charging. Morgan Stanley maintains a neutral rating with a target price of $400, representing a 6% upside from the current stock price.
Morgan Stanley: Tesla Cybercab launches in Austin with 45 vehicles and 1 million autonomous miles
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Summary
Morgan Stanley reported on September 4 that Tesla’s Cybercab has launched in Austin, offering autonomous ride-hailing through the Robotaxi app. Users can choose between the two-seater Cybercab or the four-seater Model Y. Texas DMV data shows 45 Cybercabs registered, up from seven. Tesla’s unsupervised autonomous driving mileage now exceeds one million miles, a 160% increase from Q2. On-chain data indicates strong operational progress. Morgan Stanley maintains a neutral rating on Tesla with a $400 price target. Inflation data may influence investor sentiment ahead of the next earnings report.
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