Tesla introduced its driverless robotaxi model, Cybercab, during the “We, Robot” event. The demonstration, which took place at the Warner Bros. Discovery studio in California, featured Elon Musk arriving on stage in the Cybercab, highlighting Tesla’s role in the future of autonomous transportation.
The Cybercab is a fully autonomous vehicle designed for two passengers, lacking a steering wheel and pedals. Musk stated that this vehicle would be significantly more efficient than existing transportation systems, operating at a cost similar to that of public transportation.
When sharing details about the development process of the Cybercab, Musk mentioned that the vehicle would offer a cost-effective alternative for public transport, with an operational cost of approximately $0.20 per hour. Additionally, it was disclosed that the price of the Cybercab would be below $30,000 and that individuals could purchase this vehicle. The Tesla CEO envisioned a future where users could build their own fleets of autonomous robotaxis and generate income from them.
Technology and Design of the Cybercab
The Cybercab will utilize Tesla’s Full Self-Driving technology. Musk noted that testing of this system would begin in Texas and California with the Model 3 and Model Y, and that fully unmanned autonomous driving capabilities would be implemented in these vehicles. However, acknowledging that Musk tends to be optimistic with timelines, the Tesla CEO added that the aim is to start production of the Cybercab by 2026, but it is expected to be available by 2027 at the latest.
The Cybercab’s autonomous driving system relies solely on cameras and artificial intelligence. Musk highlighted that the company has moved away from using radar and other sensors, which helps keep costs low. Additionally, the Cybercab will employ inductive charging technology instead of a traditional charging port, meaning it will operate wirelessly. The design of the vehicle draws inspiration from Tesla’s Cybertruck, with notable design elements including the absence of a rear window and upward-opening doors.
Tesla’s vision for robotaxis is not new. Musk mentioned in 2019 that more than one million robotaxis would be on the roads within a year. However, that goal was not achieved at the time. While current Tesla vehicles feature an autonomous driving system called Full Self-Driving, it does not provide a fully driverless experience, requiring drivers to remain vigilant. Nevertheless, Musk remains committed to realizing this vision with the Cybercab and other Tesla models.
It is reported that the robotaxis will operate through a ride-sharing network established by Tesla. This system will allow Tesla owners to earn income by including their vehicles in the network when they are not in use. It is estimated that Tesla will take a commission of 25% to 30% from these earnings.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
