Musk added during a CNBC interview that a full-scale launch could see 1,000 robotaxis in a few months.
AI, Autonomy, and Tesla’s Broader Strategy
Ives pointed to Tesla as one of the best long-term bets on AI, grouping the automaker with companies like Nvidia, Microsoft, OpenAI, and Alphabet. The CyberCab, Tesla’s future autonomous vehicle, is still expected to enter production next year using a modular “unboxed” manufacturing system.
Despite current challenges in markets like China and Europe, Musk stated, “The sales numbers at this point are strong, and we see no problem with demand.”
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Tesla Stock Performance
Tesla stock closed Friday down 0.5% at $339.34 but remains up 20.3% for the month of May. Shares are still down roughly 30% from their peak of $488.54 on December 18.
The stock’s 79 Composite Rating and 94 Relative Strength Rating suggest robust momentum, although its 58 EPS Rating shows room for earnings improvement.
