Elon Musk unveiled Tesla’s Cybercab, targeting 2026 production under $30,000, but left key questions on autonomous technology and product timelines unanswered.
Elon Musk unveiled Tesla’s highly anticipated robotaxi prototype, the Cybercab, at an event in Burbank, California, suggesting production may start by 2026 with a potential price under $30,000. Musk arrived on stage in one of the two-seater cars, which features upward-opening butterfly doors and lacks a steering wheel or pedals. In addition to the Cybercab, Musk also revealed the Robovan, a futuristic vehicle designed to carry 20 passengers, and updated versions of the Optimus humanoid robot.
Despite the exciting prototypes, Musk’s presentation left many questions unanswered, particularly around how Tesla plans to transition from advanced driver-assistance features to fully autonomous vehicles. There was little discussion about regulatory challenges or Tesla’s potential plans to own and operate a fleet of Cybercabs. This ambiguity, coupled with Tesla’s past struggles with timeline predictions—Musk once claimed over a million robotaxis would be deployed by 2020, but none have hit the road—raised skepticism among investors and analysts.
Nancy Tengler, CEO of Laffer Tengler Investments and a Tesla investor, remarked, “The only specific was the $30,000 for a Cybercab. The concepts were all grand. Is the idea super cool? Absolutely.”
Tesla currently offers Full Self-Driving (FSD) features, which still require driver supervision. However, Musk hinted that by next year, some Model 3 and Model Y owners in Texas and California may no longer need to supervise the system.
The Cybercab event was delayed by two months after Musk ordered design changes. While the vehicle’s sleek design impressed some, like Gene Munster of Deepwater Asset Management, he cautioned that investor reaction might be muted due to the distant production timeline. Musk estimated the Cybercab could be available by 2026, though he admitted he tends to be “a little optimistic on timeframes.”
US presidential candidate Donald Trump raised concerns about autonomous vehicles ahead of the event, questioning their safety and regulatory approval. He stated at a Detroit Economic Club event, “The autonomous vehicles, we’re going to stop from operating on American roads, remember this,” although it wasn’t clear if his remarks targeted Tesla specifically or foreign autonomous vehicles.
Analysts had hoped for updates on Tesla’s more affordable vehicle models, but Musk did not provide new information, leading to further doubt about the company’s near-term product roadmap. Garrett Nelson, an analyst at CFRA Research, expressed disappointment, noting, “We think the event did little to change an opaque intermediate-term earnings outlook.” Tesla’s immediate challenge remains delivering a record number of cars to avoid its first-ever annual sales decline.
Source:The High Street Journal
