Tesla Teases Details Ahead of Cybercab Update
Tesla is generating excitement ahead of a planned Cybercab update event in Austin, Texas. The automaker teased fans with posts highlighting features like 'no steering wheel, no pedals,' referencing its driverless robotaxi design first unveiled in October 2024. CEO Elon Musk hinted at significant developments through social media, while analysts and Tesla enthusiasts shared footage of test vehicles operating on public roads without human drivers. Tesla's Robotaxi service is currently testing unsupervised operations in several U.S. cities including Austin, Dallas, Houston, Miami, Orlando, and Tampa. The company has over 200 such vehicles registered for autonomous driving within geofenced areas. Meanwhile, Tesla also operates a supervised rideshare service using Model Y cars driven by employees. Morgan Stanley analysts suggest that if the Cybercab update includes a meaningful rollout of unsupervised vehicles, it could help Tesla regain stock momentum after a 21% decline this year.
Tickers: $TSLA
Topics: Cybercab Elon Musk Robotaxi Self-driving cars Tesla