Tesla Sales Accelerate in May as Cybercab Production Advances

According to Morgan Stanley analyst Rajat Gupta, his team recently met with Tesla’s investor relations representatives and learned that Tesla’s sales momentum has accelerated since the beginning of May. The increased demand is primarily driven by rising fuel prices, growing market interest in autonomous driving products, and reduced competition following some traditional automakers scaling back their electric vehicle operations. Gupta noted that Tesla’s management indicated Cybercab production is gradually ramping up, and the company’s second-quarter earnings report is expected to provide clearer insights into the progress and validation of this autonomous taxi. Additionally, the Optimus robot business remains in its early stages.