Tesla Inc. has reportedly begun testing the highly anticipated Cybercab at its Gigafactory in Texas, as well as the Fremont, California facility. This news comes amid the introduction of budget-friendly Model Y and Model 3 variants.
Cybercab Spotted Testing In Texas and California
The Cybercab was spotted by influencer Joe Tegtmeyer on Thursday as he was flying a drone over the Gigafactory in Texas. Tegtmeyer shared screenshots of the footage on social media, stating that it may indicate the vehicle has completed most of its final engineering and production tests at Fremont, and what remains is now being tested at Giga Texas.
“Hard to say for sure, but this may indicate the vehicle has completed most of the final engineering & production tests out at Fremont and what remains is now at Giga Texas.”
Tegtmeyer had also earlier posted footage of a “mysterious” compact Tesla model under wraps at the Giga factory in Texas, which could have been the Cybercab undergoing testing at the facility.
Influencer Sawyer Merritt also shared a video showcasing the Cybercab being tested at the Fremont, California facility.
Ross Gerber’s Cybercab Suggestion
The news comes as Gerber Kawasaki’s co-founder, Ross Gerber, recently suggested that Tesla could release a 2-door affordable model in the US by adding a steering wheel to the Cybercab. “Charge $30k for a gold 2-door Tesla,” Gerber said.
Tesla’s Affordable Model Y Invites Criticism
The news comes as Tesla’s affordable Model Y has invited criticism from experts, with Future Fund LLC’s Gary Black saying that the new model wouldn’t translate to higher sales figures for Tesla.
Tesla Bull Dan Ives also expressed disappointment at the company’s pricing of the new models, conceding that the affordable variants were priced too close to the already available models.
Elon Musk’s Pay Package
Meanwhile, Tesla CEO Elon Musk’s pay package is in the spotlight again after a recent investigation revealed that the billionaire could still collect a substantial amount of money even if the EV giant didn’t hit all of the targets laid out in the new compensation package for Musk.
Current Developments
Tesla scores well on Momentum and Growth metrics, while boasting satisfactory Quality, but poor Value. The company also offers a favorable price trend in the Short, Medium, and Long term.
For more information on Tesla and the future of mobility, check out our Future Of Mobility coverage.