Why Bears Have It Wrong About Tesla Cybercab: Dan Ives

Despite the skepticism surrounding Tesla's robotaxi project, Dan Ives, a prominent analyst, believes that bears have it wrong about the Cybercab. Ives, managing director and senior equity analyst for Wedbush Securities, has expressed a positive outlook on the Cybercab's potential, highlighting several factors that make it an attractive investment opportunity.


Firstly, the Cybercab's unique design, featuring gull-wing doors and no steering wheel or pedals, offers both safety and accessibility advantages. The gull-wing doors provide easier access for passengers, while the lack of traditional controls allows for a more spacious interior. Moreover, the AI-powered navigation system, which relies on cameras and computing power, offers superior flexibility and adaptability compared to traditional lidar-based systems.


Secondly, the Cybercab's inductive charging and low operating cost per mile contribute significantly to its investment appeal. Inductive charging eliminates the need for plugs, making charging more convenient and efficient. Additionally, the low operating cost per mile, estimated to be around 20 cents, ensures that the Cybercab remains competitive in the market.

Lastly, the Cybercab's potential for high-volume production and affordability undercuts competitors in the robotaxi market. With a projected price point under $30,000, the Cybercab is poised to capture a significant market share, particularly as regulatory challenges are addressed and consumer demand grows.


In conclusion, Dan Ives's bullish stance on the Tesla Cybercab is well-founded, as the robotaxi's unique design, charging efficiency, and competitive pricing position it as a strong investment opportunity. Despite the skepticism from bears, the Cybercab's potential to disrupt the robotaxi market and capture a significant market share makes it an attractive proposition for investors.