"Elon Musk described the Cybercab's design philosophy as optimizing 'the fully considered cost per mile of autonomous driving,' predicting that 'long-term Cybercab would make several times more Cybercabs per year than all of our other vehicles combined.'"
"Tesla shares are down 17.34% year-to-date as of April 1, 2026, pulling back from a 52-week high of $498.83 to a current price near $371.75."
"The global robotaxi market is projected to reach $45.7 billion by 2030, growing at a CAGR of 91.8%, providing a significant growth engine for Tesla."
"At $371.75, Tesla trades at roughly 144x forward earnings, based on a forward EPS estimate of $2.08, implying a need for dramatic earnings growth to reach a $1,000 share price."
Elon Musk emphasizes that autonomous vehicles will surpass Tesla's previous economic contributions. The Cybercab is designed to optimize costs per mile. Tesla shares have decreased 17.34% in 2026, with a current price of $371.75. Analysts show mixed sentiments, with a consensus price target of $421.27. Revenue fell 2.93% in 2025, and vehicle deliveries dropped 16% in Q4. The $1,000 share price target relies on substantial earnings growth from autonomous vehicles and Optimus robots, with the robotaxi market expected to reach $45.7 billion by 2030.
Read at 24/7 Wall St.
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