TSLA ▼ -0.2% - Tesla, Inc. $TSLA Equal Weight @ MS pt 400 "Tesla is hosting its Cybercab Launch Event in Austin on Sept. 3. While past events have driven mixed stock reactions, we believe there is more at stake on Thursday with the official launch of the long-awaited Cybercab. With past events, tangible evidence of commercial deployment tends to be an important differentiator for stock performance. If Thursday's event is merely an unveiling with limited vehicles committed to the road, we expect the stock to sell off through the event. Conversely, a broader rollout that has a material impact on the Tesla robotaxi fleet size could drive stock outperformance. We go into the event with a positive bias as recent TX DMV data show that Tesla has registered ~40 additional Cybercabs for commercial operation, suggesting Tesla is preparing for a larger-scale rollout." Analyst: Andrew Percoco Morgan Stanley initiated coverage of Tesla with an Equal Weight rating and a $400 price target, citing the upcoming Cybercab launch event on September 3 as a pivotal catalyst. The analyst noted that the stock's reaction will likely hinge on whether the event demonstrates meaningful commercial deployment of the vehicle, with limited rollout potentially triggering a selloff but broader adoption driving outperformance. Tesla was down 0.2% today ahead of the event. 02-SEP-2026 05:16 AM ET