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Despite the fluctuation, Tesla's good news was plentiful. Reports indicated that the company was testing "cyber cabs," which would not require traditional paint shops. Instead, they will be molded from polyurethane using a novel injection method for coloring, which could result in considerable savings related to weight and cost.
As for production, Tesla is shipping the refreshed Model Y from all four factories, with the Shanghai facility reportedly operating at full capacity. The anticipated Model X and Model S refreshes have also been projected for later this year. On a more strategic front, CEO Elon Musk's recent dismissal of Uber—indicating that Tesla is self-sufficient—has further stirred investor sentiment.