Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk on Tuesday said that the automaker had revamped its manufacturing process for the Cybercab, which has resulted in Tesla achieving higher production speeds compared to traditional manufacturing practices.
Five Times Faster Production
In a post on X, Musk quoted a video by the official Robotaxi handle, which shared a video of the Cybercab being produced, touting the “unboxed” process of manufacturing and calling it “the first real revolution in automotive manufacturing in over a century.”
Musk hailed the manufacturing process. “We redesigned Cybercab production for production over 5 times faster than conventional automotive manufacturing!” he said in the post.
The Tesla CEO also shared that he was hoping that the Cybercab gets the nod from European authorities to operate in the region, quoting a post by user Rob2628, who said that the Cybercab should also be offered in Europe after riding the Robotaxi in Austin. “Hopefully soon in Europe too,” Musk said.
Elon Musk Touts Golden Era of Transport
Following the Cybercab’s launch in Austin, Musk touted a “golden era” in transportation, saying that the Cybercab was gold in color to reflect the mobility shift. He also said that the vehicle will offer riders access to Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) Starlink satellite internet service.
On the other hand, investor Gene Munster of Deepwater Asset Management expressed bullish sentiments about the Cybercab and said that the National Highway Traffic Safety Administration’s (NHTSA) probe into the Cybercab rollout was a minor “speed bump” for Musk’s Robotaxi vision.
Ross Gerber’s Warning to Tesla Owners
Investor Ross Gerber, who is the co-founder of investment firm Gerber Kawasaki, warned Tesla owners against putting their vehicles on Tesla’s Robotaxi platform, saying that they should not take the risk of the service away from Tesla. Notably, Musk had touted an Airbnb Inc. (NASDAQ:ABNB)-meets-Uber Technologies Inc. (NYSE:UBER) approach for the Robotaxi.
According to Benzinga Edge Rankings, Tesla scores moderately on the Growth and Quality metrics, but offers poor Value and Momentum. TSLA also fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: TSLA shares were down 0.13% to $367.69 during overnight trading.
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