Is Tesla About to Finally Launch the Robotaxi Fleet That Will Justify Its Valuation?

Tesla is holding a major event in Austin to unveil details about its Cybercab, a driverless two-seat vehicle designed to operate unsupervised using Full Self-Driving technology. The event is critical for Tesla's stock momentum, as Morgan Stanley analysts warn that a meaningful increase in unsupervised vehicles could be a catalyst for outperformance, while an underwhelming announcement could result in a muted or negative market reaction. Tesla stock is down 15% year-to-date and faces pressure from declining margins and rising expenses.