Tesla Faces FSD Skepticism as Cybercab Takes Center Stage
Tesla Inc.'s (NASDAQ:TSLA) Full Self-Driving (FSD) capabilities have been called into question by investor Ross Gerber, who expressed skepticism about the EV giant's ability to provide unsupervised FSD with its existing HW4 chip. According to an investor note from JPMorgan Chase & Co. (NYSE:JPM), Tesla is prioritizing scaling its Cybercab over expanding its Model Y robotaxi fleet.
JPMorgan hinted at possible future models based on the Cybercab platform, which could indicate a shift in focus for the company's autonomous driving technology. Gary Black from The Future Fund LLC warned investors to be cautious of overly optimistic Tesla influencers on social media, comparing them to college students downing tequila shots.
Meanwhile, Elon Musk touted Tesla's 'Made in America' strategy, stating that not only are its vehicles assembled in the U.S., but also sourced parts from American suppliers. The company claims an 84% American content rating, which could be a key factor as President Donald Trump's tariffs shake up the auto industry.
Tesla has announced plans to deploy 500 Tesla Semis on Einride AB (NASDAQ:ENRD)'s Saga AI platform for Amazon.com Inc. (NASDAQ:AMZN) and other customers. The company is also gearing up to launch its purpose-built Cybercab robotaxi in Austin, Texas, potentially as early as this month.