@elonmusk Elon, have you considered a CIT (Cybercab Investment Trust)? A lot of us love Cubercab and want exposure to the fleet, but don't like to deal with the headaches of owning an actual car. Tesla running an autonomous fleet at scale is more efficient anyway.
JPMorgan after meeting with Tesla recently in Fremont:
"Tesla indicated it is intentionally holding back on adding Model Y units to the robotaxi fleet, expressing confidence in its ability to scale Cybercab in the near-term. On FSD V15, Tesla views this release as a step-change in performance, comparable to the leap from V13 to V14. The V15 upgrade encompasses seven core technologies, with ~40% of those currently being tested in the robotaxi fleet, where initial feedback has been encouraging.
Tesla continues to focus on minimizing regression in core driving functions as it introduces new functionalities to the system, and FSD V15 is seen as the primary gateway to scaling unsupervised FSD. While the current AI/HW4 stack is capable of running V15 and supporting unsupervised FSD, Tesla’s AI4.5 compute system is designed to future-proof against rising compute (~10% higher FLOPS) and memory (~2x higher) demands as robotaxi models scale and context windows expand.
Management also reiterated that the Cybercab is just the initial form factor, with additional vehicle types expected to follow as the platform evolves (citing the obovan demo from the 10/10 event as an example).
Optimus is on track for SoP in the coming months with commercial sales expected as early as 2H27. The Gen 3 unveil will be timed closer to SoP to protect competitive advantage, while the scope of Gen 4 (in terms of capability, cost, and scalability) will be informed by Gen 3 field experience."
JPMorgan toured Tesla's Fremont factory and met with the IR team, and maintained its $TSLA price target of $475.