Tesla Cybercab Hits the Road as Earnings Reports Loom
Tesla's Cybercab concept is now hitting the road, and it's got investors buzzing. The electric vehicle manufacturer has begun testing its new Cybercab prototype in real-world conditions. The news sent shares of Tesla (TSLA) up by 1.2% on the day.
The Cybercab, which is based on the company's popular Cybertruck design, is designed to be a high-performance, electric vehicle capable of transporting multiple passengers. According to Tesla's website, the Cybercab has a range of over 500 miles and can accelerate from 0-60mph in under 3 seconds.
In addition to the Cybercab, several other companies are also making waves in the earnings space. Companies like Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN) will be releasing their quarterly earnings reports this week.