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Elon Musk Unveils Tesla’s $30K Driverless Robotaxi, the Cybercab

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the staff of the Ridgewood blog

Ridgewood NJ, Last night, Tesla CEO Elon Musk finally revealed the long-anticipated robotaxi—a futuristic, fully driverless vehicle named the Cybercab. With a price tag of $30,000, the Cybercab marks a significant step toward Tesla’s vision of autonomous driving. The sleek vehicle, notably lacking pedals and a steering wheel, is set to go into production by 2027.

In addition to the Cybercab, Tesla introduced a 20-person robovan and showcased its Optimus robots, demonstrating the company’s expanding reach into autonomous and AI-powered technology.

The unveiling comes nearly a decade after Tesla began teasing its autonomous vehicle plans. However, the timing is noteworthy, as it coincides with a series of lawsuits and investigations surrounding Tesla’s supervised driving systems, particularly Autopilot and Full Self-Driving (FSD). Despite these challenges, Tesla’s investors are banking on robotaxis to generate nearly 90% of the company’s value and earnings by 2029. The vision is for Tesla owners to rent out their vehicles via an app when not in use, earning passive income—much like a blend of Uber and Airbnb.

Interestingly, Tesla hopes that electric vehicle sales will eventually account for just 9% of its overall value, as it pivots to making autonomous services its primary revenue stream.

Tesla isn’t the only company pursuing the robotaxi dream. Waymo, owned by Google’s parent company, already facilitates 100,000 paid rides weekly across major U.S. cities like Los Angeles, San Francisco, and Phoenix. Meanwhile, Amazon’s Zoox is also preparing to launch its driverless service in San Francisco.

As the race for driverless taxis heats up, Tesla’s bold vision for the Cybercab and its autonomous fleet could redefine transportation and reshape the company’s future.

 

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