Sell’ Tesla Stock: Cybercab Tech Is ‘Failing in the Field,’ Warns Analyst

Tesla TSLA -3.14% ▼ is betting heavily on its future robotaxi service, known as the Cybercab. The project is expected to rely on Tesla’s Full Self-Driving (FSD) technology to run driverless vehicles. However, GLJ Research analyst Gordon Johnson said that recent data raises serious concerns about whether the technology is ready.

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Johnson reiterated a Sell rating on Tesla stock with a $25.28 price target. In his latest note, the analyst said the Cybercab launch depends on technology that is “currently failing in the field.”

GLJ Research’s Concerns on Tesla

The analyst pointed to several new data points that he believes highlight problems with Tesla’s robotaxi program.

First, crash data from the National Highway Traffic Safety Administration (NHTSA) suggests Tesla’s supervised robotaxi fleet has a crash rate four times higher than a human driver, based on Tesla’s own benchmarks.

Second, third-party tracking data shows Tesla’s unsupervised robotaxi fleet in Austin has shrunk sharply. According to the report, the fleet dropped from eight active vehicles to about one operational vehicle since the rollout began on January 22, 2026.

Johnson also highlighted a wave of recent executive departures at Tesla. Most recently, Vice President of Finance Sendil Palani announced his departure after 17 years at the company. This follows the exit of Thomas Dmytryk, the director in charge of robotaxi infrastructure, along with several other software leaders. The loss of these key experts makes it much harder for Tesla to launch its driverless fleet on time.

Taken together, the analyst believes these developments raise doubts about whether Tesla’s FSD Unsupervised technology is ready for a large-scale commercial robotaxi launch.

Is Tesla a Buy or Hold?

On Wall Street, analysts remain cautious on Tesla’s shares and continue to maintain their Hold consensus rating on the stock. This is based on 13 Buys, 11 Holds, and seven Sells issued by 31 analysts over the past three months. Moreover, the average TSLA price target of $399.25 implies about 1.07% upside risk from current trading levels.

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