Electric vehicle maker Tesla, Inc.’s (NASDAQ:TSLA) shares are poised for outperformance on Monday, as they are solidly higher in premarket trading. The stock fell 8.78% or $20.97 last Friday before closing at $217.

Tesla stocks tumbled in premarket trading Friday morning after investors took a lukewarm view of the debut of the company's new automated Cybercab concept vehicle the day before.

Tesla shares dropped more than 5% in premarket trading following the company's robotaxi event, where CEO Elon Musk revealed the Cybercab, a self-driving concept car. The silver two-seater, lacking steering wheels or pedals,

Tesla's robotaxi event left investors underwhelmed, sending the stock down almost 9%. Find out why I'm neutral on TSLA.

After a long wait, Tesla (NASDAQ: TSLA) finally debuted its robotaxi on Thursday night. CEO Elon Musk arrived on the Warner Bros. soundstage in Burbank, California, as a passenger in the robotaxi, which he calls a Cybercab. It comes without a steering wheel or pedals, making it a strictly autonomous vehicle (AV).

Tesla's much-anticipated unveiling of its "Cybercab" robotaxi last week has dented optimism that the offering will help boost results, according to analysts at Piper Sandler. Shares in the electric vehicle giant slid by 8.