Tesla Cybercab Cost Edge

It's Benzinga bringing Wall Street to Main Street. Goldman Sachs estimates Tesla's Cybercab could operate for up to $0.30 per mile less than rival autonomous vehicles if the company reaches its targeted production costs, according to Benzinga. Analysts said Tesla's $20,000 to $30,000 Cybercab cost at scale could provide a $0.05 to $0.30 per mile advantage over autonomous vehicles, costing about $50,000 to $100,000. Goldman cited Tesla's low-cost design, unboxed manufacturing approach, and camera-only sensor system as potential advantages. However, the firm said Tesla still needs to scale its self-driving software across a wider geographic area. Goldman remains neutral on Tesla with a $360 price target. Alphabet's Waymo currently offers fully autonomous rides in 14 cities with more than 4,000 vehicles, according to TechCrunch. Texas records showed 420 autonomous Teslas registered in the state. For all things money, visit Benzinga.com.