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‘Highly Conetentious’ Tesla Stock Drops Despite Cybercab Hope

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The company is preparing to introduce steering wheel-less Cybercab robo-taxis soon, according to The Information, which could be a catalyst for shares. Tesla investor sentiment remains “highly contentious (as always) with [a] majority of inbound [client calls] tied to SpaceX ” wrote Baird analyst Ben Kallo on Tuesday. Kallo rates Tesla stock Buy and has a $475 price target for shares.