Investment bank JPMorgan Chase & Co. (NYSE:JPM) on Wednesday said that Tesla Inc. (NASDAQ:TSLA) appears to be prioritizing the Cybercab over further scaling its Model Y robotaxi fleet.
New Cybercab Models?
Influencer and Tesla investor Sawyer Merritt took to the social media platform X, sharing a note released by JPMorgan following its meeting with the EV giant’s management at its Fremont, California, facility. JPMorgan said that Tesla “expressed confidence in its ability to scale Cybercab in the near-term.”
The note also pointed towards possible future models based on the Cybercab platform. “Management also reiterated that the Cybercab is just the initial form factor, with additional vehicle types expected to follow as the platform evolves,” pointing to the Obovan concept.
Separately, The Future Fund‘s Gary Black has argued that a sub-$30,000 Tesla model could provide significant upside for the EV giant.
