Seeking Alpha汇总分析师对特斯拉Cybercab发布反应，核心仍是小规模试运营与监管不确定

After market close on Thursday, Tesla unveiled its long-awaited Cybercab driverless robotaxi at an event in Austin, Texas. We asked Seeking Alpha analysts Geneva Investor , Deep Value Investing , The Techie , and James Foord how they think the new robotaxi will impact Elon Musk's flagship company. Geneva Investor : I think the Cybercab confirms Tesla's ( TSLA ) long-term cost advantage without changing its 2027 outlook. The vehicle should cost a fraction of what Alphabet's ( GOOGL ) ( GOOG ) Waymo pays for its robotaxis. In my view, this is because Tesla owns and produces both the software and the vehicle itself, while Waymo relies on third parties for its cars. My problem with Tesla's ( TSLA ) Cybercab concerns regulation. Federal safety standards still assume a human is sitting behind a wheel. The exemption that Amazon's ( AMZN ) Zoox was recently granted caps vehicles at 2,500 a year, and the policy that would remove this ceiling remains only a proposal. By my own numbers, robotaxis contribute somewhere between 0.1% and 1.3% of Tesla's revenue next year. Abroad I am more cautious still. Baidu ( BIDU ) and Pony AI ( PONY ) are already operating in China, and Europe has not yet cleared even a hands-off Level 2 system. Personally, I stay bullish on Tesla ( TSLA ) for its manufacturing position in physical AI, not because I expect meaningful robotaxi revenue any time soon. Deep Value Investing : Let me put it this way. If you wanted to attend the Cybercab launch event, Tesla ( TSLA ) actually ran a sweepstakes for Robotaxi riders between August 17 and 23, with five winners getting access to the event. Five. Let me say it again. Five. Now you understand why I was so skeptical in my pre-launch coverage. In any case, the event wasn't even streamed on X, despite the fact that millions were waiting for it, and Elon didn't even bother to attend. I mean, what else is there really to say? To me, the message is quite clear. The focus is on SpaceX ( SPCX ) and a potential acquisition of Tesla ( TSLA ) to shift the narrative from robotaxis to something else (data centers in space sounds exciting enough to me). Back to the launch event, Cybercab rides are now available only in limited parts of Austin. The fleet looks relatively small, with 45 registered Cybercabs as of Friday morning versus Tesla's total of 420 registered autonomous vehicles in the state, let alone Waymo's 988 vehicles. As expected, no specific details on costs per operating mile or any deployment milestones. My big takeaway was Elon skipping the event and not streaming it on X. That tells me that Tesla's ( TSLA ) future is SpaceX ( SPCX ). The Techie : For me, the new Cybercab signals that Tesla ( TSLA ) is slowly but surely beginning to act like the company the market is valuing it as, giving legs to what (forward-looking) should be a higher-margin recurring revenue base from Cybercab fleets. It’s no longer about gaining the lead in the market. The boat has already sailed on this after Waymo’s ( GOOG ) ( GOOGL ) scale lead in the U.S. and China’s lead almost everywhere else. Now, it’s about being best positioned to monetize a new era of ride-hailing, and despite lagging competitors, I still think that’s Tesla ( TSLA ). The company has the best, in my opinion, cost-per-mile structure, which is a result of the fact that it manufactures the vehicle at much lower operating costs and doesn’t need a middleman. I still don’t view this as an overnight story, and regulation is already proving to be tough, but I believe Tesla ( TSLA ) has all the tools to make this work with some trial and error. James Foord : The Cybercab launch marks a make-or-break moment for Tesla ( TSLA ). While competitors like Google's ( GOOG ) ( GOOGL ) Waymo have been operating for some time now, Tesla could take the ride-sharing market by storm thanks to its manufacturing advantage and even an "owner network," meaning Tesla owners could potentially offer their personal cars to the ride-sharing network. Success in this industry could allow Tesla ( TSLA ) to enter a new stage of growth and finally grow into its lofty valuation. This is a massive opportunity, but now that the moment is here, management can no longer hide behind ambitious plans and intentions. Musk has to actually deliver now. (James Foord is also leader of the SA investing group The Pragmatic Investor .) Top Automobile Manufacturer Stocks Trending AI Stocks