Tesla Launches Cybercab Despite Removing Volume Production from 2026 Plan
On Thursday, Tesla launched the Cybercab in Austin as a commercial service through its Robotaxi app. The vehicle is driverless and has no steering wheel or pedals. Although shares rose by 5.7% ahead of the event, CEO Elon Musk had previously teased the launch with posts on X. However, only 45 Cybercabs are currently authorized for operation in Texas. Six weeks prior to the launch, Tesla removed the Cybercab from its list of products expected to reach volume production by 2026. The company cited battery pack capacity as a key constraint limiting near-term vehicle production increases. While the factory at Gigafactory Texas has sufficient installed capacity for over 125,000 units annually, only about 45 have been registered so far. Tesla's second-quarter update revealed that it is increasing output of its 4680 battery cells to support future ramps in Cybercab production. The company had previously projected the Cybercab would become the largest volume vehicle over time but has not yet provided a new timeline for achieving this goal.
Tickers: $TSLA
Topics: autonomous vehicles Cybercab robotaxi Tesla