Tesla’s attempts to trademark the names ‘Cybercab’ and ‘Robotaxi’ for its upcoming autonomous taxi service were denied by the US Patent and Trademark Office, causing a slight dip in Tesla’s stock. Despite this setback, Tesla continues to advance its driverless taxi testing, aiming to launch the Cybercab model this year amid strong competition from Waymo. Analysts maintain a Hold rating on Tesla stock, noting potential growth from robotaxi services but also expecting an 8.5% downside risk from current price levels.
