Robotaxi/Cybercab Progress & Timeline Uncertainty

Cybercab production has started at Giga Texas, but robotaxi service deployment is not yet confirmed. Expansion to Charlotte signals geographic push. However, actual robotaxi miles are minimal: 2.5M paid miles vs Waymo's 220M rider-only miles. Volume production of Cybercab, Semi, and Optimus is delayed due to 4680 battery ramp prioritization. Each delay pushes cash flows further out, challenging the bullish growth narrative.