Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk were in the headlines again this week as the automaker touted faster production for the Cybercab following its launch and more. Here’s a look at the top stories.

Tesla’s Cybercab Production Speeds Up

Musk, following the Cybercab reveal, announced that Tesla revamped its manufacturing process for the Cybercab, resulting in production speeds over five times faster than traditional practices. Musk hailed this as the “first real revolution in automotive manufacturing in over a century.” Read the full article here.

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Tesla’s Autopilot Under Federal Scrutiny

Following an NBC News report that identified 43 instances of drivers seemingly asleep at the wheel of moving Teslas, Rep. Raja Krishnamoorthi (D-Ill.) has called for federal action against Tesla. The Congressman questioned whether regulators are doing enough to prevent misuse of Tesla’s Autopilot and Full Self-Driving systems. Read the full article here.

Musk Defends Autopilot Following Fatal Crash

Musk has refuted claims that a fatal crash in New York City involved Tesla’s driver-assistance technology. He argued that the crash would not have occurred if Autopilot had been in use, accusing media outlets of misleading the public about the crash details. Read the full article here.

Tesla Cybercab Could Undercut Waymo: Goldman Sachs

Goldman Sachs Group Inc. (NYSE:GS) analysts estimate that Tesla could operate its Cybercab for up to 30 cents per mile less than rival autonomous vehicles if it achieves its targeted production costs. This could give Tesla a significant advantage in the robotaxi market. Read the full article here.

Gene Munster Predicts TSLA Stock Rally Amid NHTSA Cybercab Probe

Investor Gene Munster of Deepwater Asset Management predicts that Tesla shares could rally despite the National Highway Traffic Safety Administration’s (NHTSA) announcement that it will launch a probe into Tesla’s plans to deploy 1,000 units of the Cybercab in Austin. Read the full article here.

Ross Gerber’s Advice to Tesla Owners

Meanwhile, investor Ross Gerber advised Tesla owners to let Tesla take the risk in Musk’s Airbnb Inc.-like (NASDAQ:ABNB) Robotaxi service rollout amid the Cybercab launch. He believes this model could significantly lower the EV giant’s risk on factors like pricing and operations. Read the full article here.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.

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