Tesla held its Cybercab event on September 3 in Austin, Texas, showcasing its autonomous taxi technology with high marketing hype. However, Wall Street remains cautious, with Morgan Stanley maintaining a 'Hold' rating and a $400 price target, noting that past similar unveilings had mixed market impacts. Tesla's stock showed little reaction to the event, declining slightly in recent weeks and trading nearly 30% below its late 2025 highs. Investors seem to be waiting for more substantial developments before driving the stock higher.
Tesla reported record Q2 2026 deliveries of 480,126 vehicles but faced a sharp decline in operating margins due to rising expenses and heavy investment in AI and autonomy technology. Meanwhile, BYD continues to grow steadily with strong sales of plug...
In July 2026, global electric vehicle (EV) sales increased by 7% year-over-year, reaching a 27% market share. Europe showed strong growth with a 40% increase, while China’s sales declined by about 5% but maintained a dominant 65% share, boosted by a ...
Waymo criticized Tesla's pure AI camera-based system for full autonomy as unsafe, emphasizing the need for multiple sensors like lidar and radar for reliable self-driving. This comes just before Tesla's expected launch of its two-seater Cybercab robo...
Tesla stock fell 3% ahead of its Cybercab launch on September 3, reacting to mixed European vehicle registration data showing strong gains in France and Denmark but declines in Norway and Sweden. Despite a strong August rally and a 6% gain on Monday,...
Waymo has expanded its commercial driverless ride service to Denver, San Diego, and Tampa, marking its first operations in Colorado. Amazon's Zoox plans to start testing its autonomous vehicles with human supervisors in Houston and San Diego, aiming ...
