Reuters confirms Tesla's Cybercab event for Thursday in Austin — Morgan Stanley warns of "sell-off risk if rollout is limited"
Reuters confirmed Tesla will unveil its driverless two-seat Cybercab at an invite-only event in Austin, Texas this Thursday (Sept 3), for winners of its Robotaxi rider sweepstakes — livestream plans remain unconfirmed, and employee rides are expected before the vehicles join Tesla's Austin Robotaxi fleet days later. Morgan Stanley analyst Andrew Percoco warned the stock could "sell off through the event" if Tesla shows only a limited rollout — a signal this week's event may be the biggest catalyst yet for the robotaxi valuation story.
Thursday's event marks the first public reveal of the driverless two-seat Cybercab Tesla has been building since April. The vehicle has no steering wheel or pedals and relies on Tesla's AI4 computer for full autonomy, and has already been tested on Austin's public roads.
The gathering is an invite-only event for top scorers in Tesla's Robotaxi rider sweepstakes. Tesla has typically livestreamed its major reveals, but has not officially confirmed whether Thursday's event will be streamed. Reuters reports employee rides will come first, with Cybercabs joining Tesla's Austin Robotaxi fleet days later.
Barron's reported Tesla shares were pausing without clear direction the day before the event. That follows GLJ Research's bearish call dismissing the launch as promotion for "a product that doesn't yet exist," and now a separate warning from Morgan Stanley's Andrew Percoco: if Thursday's rollout turns out to be limited in scale, the stock could actually sell off once the event is over.
The market's focus has shifted from whether Tesla unveils Cybercab to how many units it puts on the road, and how fast. With Cybercab widely seen as the linchpin of Tesla's robotaxi valuation, Thursday's specifics on fleet size and timeline could be the biggest swing factor for the stock this week.
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