As Tesla Inc. prepares for its second-quarter earnings call, investors have raised critical questions regarding the progress of its Optimus Gen 3 robot and Cybercab initiatives. The inquiries, shared by influencer Sawyer Merritt on X, highlight concerns about production timelines and the company's ability to meet previously stated goals for autonomous driving technologies.

Optimus Gen 3 and Production Ramp

Investors sought specific details on the current status of the Optimus Gen 3 production ramp. Questions focused on the initial deployment of these robots within Tesla's factories and the external sales timeline and volume targets for 2027. Additionally, shareholders asked about the specific capabilities the Optimus robot is expected to possess by the end of next year.

Cybercab and Robotaxi Constraints

The development of the Cybercab and the expansion of robotaxi operations were central themes in the investor questions. Shareholders asked about the main constraints preventing faster expansion of robotaxi operations and how these factors align with the production schedule for the Cybercab. Investors also pressed for information on when Cybercab would begin customer rides.

Missed Guidance and Expansion Plans

Investors questioned Tesla's failure to meet short-term goals, such as deploying Robotaxis to cover 50% of the U.S. by the end of 2025, a target touted by CEO Elon Musk last year. Specific concerns were raised regarding missed guidance on robotaxi expansion over the last three earnings reports, including a failure to expand to 7 new cities by the end of the first half of the year. Shareholders asked why robotaxi growth has stalled and requested updates on the latest milestones, city expansion plans, fleet targets, and expected revenue contributions for unsupervised operations.

Pay Package and FSD Capabilities

Beyond product development, investors addressed potential corporate restructuring and executive compensation. Questions were raised about the possibility of Tesla merging or being acquired, potentially by Space Exploration Technologies Corp. Shareholders asked if the company could commit to achieving half of the milestones outlined in Musk's pay package before considering any acquisition offers. Furthermore, investors inquired about the expected timeline for the release of unsupervised Full Self-Driving (FSD) with point-to-point summon capability.

Wells Fargo analyst Colin Langan has maintained an Underweight rating on Tesla while raising the price target to $130 from $125. The revised target indicates a slight adjustment in the valuation outlook despite the continued negative stance on the stock.

Rating and Price Target

The research note updates the investment recommendation and price objective for Tesla shares. The following table details the changes:

Tesla is listed on the NASDAQ under the ticker symbol TSLA.