Tesla's Stock Surges Over 7% During Trading Hours, Cybercab Event Announcement Soon

BlockBeats News, September 3, according to BIT (bit.com) market data, Tesla (TSLA) stock surged over 7% intraday, marking the largest intraday gain since June. The Tesla Cybercab launch event is scheduled to take place tonight in Austin, Texas, a key moment to test Tesla's commercialization of autonomous driving.

Morgan Stanley pointed out in its latest research report that the significance of this launch far exceeds any previous product event. The scale expansion of the unsupervised Robotaxi fleet will directly impact Tesla's stock price trend for the year. Texas Department of Motor Vehicles (DMV) data shows that Tesla has recently registered approximately 45 Cybercabs for commercial operation, leading the firm to hold a positive outlook on tonight's launch event. If Tesla can successfully deploy 25 to 50 Cybercabs for paid passenger service in Texas in the days to weeks following the event, a positive stock price reaction is expected. Conversely, if the event remains limited to supervised retail demonstrations without substantial deployment of unsupervised vehicle fleets, the stock price is expected to come under pressure after the event.