Tesla Inc (NASDAQ: TSLA) shares rose 4.81% to $365.52 on Monday ahead of the company's Cybercab launch event scheduled for Thursday in Austin, Texas.

The invite-only unveiling marks the next phase for Tesla's autonomous vehicle strategy, following a concept reveal in October 2024 and the start of its driverless Robotaxi fleet operations in Austin in June 2025.

Cybercab Specifications and Pricing

The two-seat Cybercab features no steering wheel or pedals, relying on Tesla's AI4 computer for full autonomy. CEO Elon Musk has previously stated the vehicle would cost around $30,000. However, prediction markets assign only an 18% probability that the final price will meet or fall below this threshold.

Tesla indicated the Cybercab is the first of several purpose-built robotaxi models, with a Robovan also cited as part of the pipeline.

Technical Positioning

Tesla shares trade approximately 7% above their 20-day average and 1.4% above their 50-day average, reflecting near-term momentum since July lows. Longer-term indicators remain bearish, with the stock sitting 4.3% below its 100-day average and nearly 9% beneath its 200-day mark.

Momentum readings show improvement, with the MACD line climbing above its signal line and the histogram turning positive. However, the 20-day average remains below the 50-day, and an April death cross leaves higher territory as potential resistance.

What the Numbers Show

The divergence between short-term momentum and long-term technical structure highlights investor caution. While the MACD signal suggests easing downward pressure, the stock remains significantly below key long-term moving averages, indicating that sustained upward movement requires breaking through established supply zones.

The Future Fund’s Gary Black argues that Wall Street skepticism toward Tesla Inc. (NASDAQ: TSLA) stems from market share assumptions rather than growth potential. Black contends that analysts view unsupervised autonomy as a technology that will quickly become a commodity.

Black responded to retail investor Jo Bhakdi on X, stating that Bhakdi had never worked as a Wall Street analyst. He noted that equity research relies on forward earnings and cash flow projections rather than trailing results or the timing of the first printed number.

The Analyst View on Autonomy

Black explained that Wall Street assumes Tesla will achieve unsupervised autonomy at roughly the same time as a handful of competitors. This assumption strips the technology of its status as an exclusive competitive edge for Tesla.

He compared this dynamic to a dispute five years ago regarding electric vehicle forecasts. At that time, some retail investors projected Tesla would sell 20 million EVs annually by 2030, implying a 20% global market share. Black described that assumption as preposterous then, just as he views current robotaxi valuations today.

Competitive Landscape

Alphabet Inc.’s (NASDAQ: GOOG, NASDAQ: GOOGL) Waymo currently leads the autonomous ride-hailing market with more than 500,000 fully autonomous rides per week. This volume is well ahead of Tesla and Amazon.com, Inc. (NASDAQ: AMZN)-backed Zoox.

Waymo recently unveiled its own custom-designed robotaxi chip to further scale operations. The chip offers more than 1,000 TOPS of AI processing power.

What the Numbers Show

Tesla does not separately disclose robotaxi revenue. However, its Services and Other segment grew 50.4% year-over-year in the second quarter to $4.58 billion. This segment includes vehicle servicing, Supercharging, and Full Self-Driving subscriptions.

The Services and Other segment outpaced every other part of the business in terms of growth rate during the period. Meanwhile, Tesla’s Texas robotaxi fleet has grown to 175 vehicles, with Miami added as a fifth market in July.

Market Performance

Tesla shares closed 1.71% lower on Friday at $348.75. The stock fell 0.18% in extended trading sessions.

For the year so far, Tesla shares have fallen 20.39%. Over the past year, the stock is up 5.89%. Benzinga edge rankings show Tesla’s Momentum score in the 13th percentile and its Growth score in the 41st percentile.