Tesla's Robotaxi Unveiling Disappoints Investors Amid Autonomous Vehicle Race
87 Sources
[1]
Investors should be wary of Tesla's robotaxi hype
Elon Musk has said Tesla's valuation could go as high as $5tn as it pivots to autonomous driving and artificial intelligence -- seven times its value today. The company's shares are down more than 10 per cent in the past week after its robotaxi event disappointed investors. But even if Tesla had
[2]
Tesla Stock Slides as Its Robotaxi Event Disappoints. Time to Buy or Bail? | The Motley Fool
Tesla's (TSLA 0.62%) highly publicized robotaxi event failed to impress investors, who sent its shares tumbling following the presentation. The stock had rallied over the past quarter in anticipation of the event, despite the electric vehicle (EV) market continuing to see decelerating
[3]
Tesla stock plunges after Elon Musk robotaxi event disappoints
Investors hoped Tesla's long-awaited robotaxi demonstration would deliver on substance and not just style. On Thursday, Elon Musk did show off real vehicles and humanoid robots who walked among guests -- not just a dancer dressed in a robot body suit, like at the company's "AI Day" three years ago
[4]
Is Tesla losing the robotaxi race?
Good morning. AI has played a big role in the research that won the Nobel Prizes for chemistry and physics, and yesterday it was announced that frequent AI commentator Daron Acemoglu won the Nobel Prize for economics. Is this more evidence of an AI halo? Or proof that AI is the real deal? Email me:
[5]
Tesla's robotaxi event was long on Musk promises. Investors wanted more details.
Elon Musk said the company would start building the fully autonomous Cybercab by 2026 at a price of less than $30,000, and showed off a robovan capable of transporting 20 people around town - which he said would reshape cities by "turning parking lots into parks."For a businessman who perpetually
[6]
Tesla finally unveils its long-awaited cybercab Robotaxi
Tesla reveals its long-awaited Robotaxi, along with a new Robovan and an upgraded version of its humanoid robot "Optimus". However, the event may not significantly boost Tesla's share prices due to the lack of information exceeding investors' expectations. Tesla unveiled its much-anticipated
[7]
Tesla Is the Most Undervalued Artificial Intelligence (AI) Stock Right Now, According to a Top Wall Street Analyst. I'm Not Sure I Agree. | The Motley Fool
The company's Cybercab event was supposed to stoke enthusiasm for the company's future, but shares sank 8% the following day. Tesla (TSLA 0.62%) stock is down 12% in 2024, despite a raging bull market for the S&P 500 that has sent the index 23% higher this year. The company is grappling with
[8]
Tesla robotaxi event was long on promises, but investors wanted more details
LOS ANGELES (Reuters) - For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla's long-awaited Hollywood unveiling of its driverless robotaxis. After traversing the fake streets of the Warner Bros movie studio set in a
[9]
Wall Street Not Buying Elon Musk's Big Promises Ahead of Tesla's "Most Hyped" Event in Years
Tesla CEO Elon Musk is making a big gamble by branching out into the self-driving taxi business. And ahead of the automaker's highly anticipated Robotaxi event this Thursday, where it's expected to reveal its robotaxi car nicknamed the "Cybercab," many Wall Street analysts aren't feeling too
[10]
Tesla robotaxi event was long on promises, but investors wanted more details
LOS ANGELES, Oct 10 (Reuters) - For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla's (TSLA.O), opens new tab long-awaited Hollywood unveiling of its driverless robotaxis. After traversing the fake streets of the
[11]
Elon Musk's Tesla is a victim of its own hype
For years, one of Tesla's (TSLA) most pronounced strengths has been its devoted retail investors who are willing to put their money where their mouth is. But that enthusiasm -- propelled by CEO Elon Musk's many promises -- has made Tesla a victim of its own hype. Tesla stock fell by about 8% in
[12]
Elon Musk's 'We, Robot' event is on the horizon. Here's what you need to know
Tesla (TSLA) CEO Elon Musk is primed to unveil his company's efforts to produce a self-driving "robotaxi," either delivering a massive win for investors that justifies sacrificing a widely anticipated car -- or a major disappointment. Musk has been talking about developing a robotaxi network since
[13]
Elon Musk's Tesla Robotaxi Reveal Is Filled With Glamour But Missing Details
"Elon Musk is trying to compete in the Tour de France on a tricycle," said a Tesla critic. During an event at a Warner Bros. Discovery (WBD) studio in Burbank, Calif. yesterday (Oct. 10), Elon Musk unveiled Tesla (TSLA)'s long-awaited robotaxi and the company's vision for autonomous vehicles. The
[14]
Tesla Shares Plummet Following Elon Musk's "Disappointing" Robotaxi Event
Unveiled Thursday night at a much-hyped event, Tesla's long-awaited robotaxi prototype -- which will still take years to hit the streets -- has seemingly failed to impress investors, as the automaker's stock plunged by 9 percent in premarket trading on Friday. After the markets opened, it evened
[15]
Will Tesla's robotaxi reveal be more style or substance?
Elon Musk's product reveals rarely, if ever, skimp on style. Investors are hope Tesla's long-awaited robotaxi unveiling on Thursday night at the Warner Bros. studio in Los Angeles will also deliver on substance. You can forgive Morningstar's Seth Goldstein, an equity strategist and chair of the
[16]
Tesla's robotaxi event was long on Musk promises, but investors wanted more details
Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, Calif., Oct. 10. Reuters-Yonhap For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla's long-awaited Hollywood unveiling
[17]
Lot of sci-fi smoke and mirrors: Investors, experts react to Tesla's robotaxi unveil
Oct 11 (Reuters) - Tesla (TSLA.O), opens new tab on Thursday showcased its long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals, but the glitzy event was light on detail, disappointing investors who had hoped for more concrete plans. CEO Elon Musk, who has a record of
[18]
Tesla's Musk to unveil robotaxis amid fanfare and skepticism
(Reuters) - Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker's long-term growth. Enthusiasm around the event has been on display across
[19]
Tesla chooses a harder set of unanswered questions
NEW YORK, Oct 11 (Reuters Breakingviews) - Elon Musk's pronouncements about $700 billion valued Tesla (TSLA.O), opens new tab are often outrageously over-optimistic, but they used to be reasonably detailed. His pivot from chasing supremacy in selling cars to touting artificial intelligence-driven
[20]
Tesla set to unveil 'Cybercab' robotaxi after long wait amid doubts about its self-driving technology
Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected to show off the
[21]
Uber stock jumps, Tesla stumbles after Elon Musk's Cybercab reveal
Tesla's big technology showcase appears to have missed the mark after an underwhelming series of announcements and reveals at the company's Oct. 10 "We, Robot" event in Hollywood, California. The company's stocks have taken a nearly 8% hit in the wake of the event while rival Uber's are up by
[22]
Tesla's Musk to unveil robotaxis amid fanfare and skepticism
Oct 10 (Reuters) - Tesla (TSLA.O), opens new tab is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker's long-term growth. Enthusiasm around the event
[23]
Tesla shares fall after Elon Musk's glitzy 'Cybercab' event disappoints
Tesla shares fell 7.5 per cent on Friday, wiping almost $40bn from the carmaker's market valuation, after Elon Musk's much-hyped Robotaxi event disappointed investors with a lack of detail about a planned fleet of autonomous "Cybercabs". The plunge in the stock left Tesla as the worst performer on
[24]
Elon Musk readies the robotaxi he is betting Tesla's future on
By Dana Hull, Kara Carlson and Ed Ludlow, Bloomberg News The Tribune Content Agency Elon Musk went all-in to get robotaxis onto roads, sacrificing a widely anticipated cheaper car, gutting teams focused on other projects and downplaying Tesla Inc.'s sales slowdown. So when Musk finally unveils
[25]
Tesla is unveiling its long-awaited robotaxi amid doubts about the technology it runs on
Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected to show off the
[26]
Tesla Wants A Robotaxi Business. The 'Business' Part May Be The Hardest
Big questions remain about how Tesla would actually stand up a robotaxi business that could compete with the likes of Waymo and Uber. Elon Musk has been making huge promises about self-driving cars for about a decade. And yet, Teslas still can't drive themselves. On Thursday, Tesla's CEO will have
[27]
RoboFlop: Tesla's Cybercab Event Torched By Analysts And Investors
CEO Elon Musk has vowed to make Tesla into an AI and robotics powerhouse, but proof of this plan feels in short supply. Now that the dust has settled from Tesla's big autonomous driving and robotics event on Thursday evening, the wider reaction to it can probably be summed up in two words: "That's
[28]
Elon Musk's Tesla rolls out robotaxis in gamble on 'black box' AI...
Tesla aimed to stun investors Thursday night with its long-awaited "robotaxi unveil," a potential milestone after a decade of Elon Musk's unfulfilled promises to deliver self-driving vehicles. The automaker unveiled a prototype called the "Cybercab" -- which Musk described as capable of
[29]
What You Need To Know Ahead of Tesla's 'Robotaxi' Event
UPDATE -- Oct. 9, 2024: This article has been updated to reflect more recent share price information. Tesla (TSLA) is expected to unveil its autonomous "robotaxi" on Thursday, after the event was delayed from its original date in August, with analysts expecting a number of updates from the
[30]
Tesla is unveiling its long-awaited robotaxi amid doubts about the technology it runs on
DETROIT (AP) -- Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected
[31]
Robotaxi Day 'marks a new chapter of growth' for Tesla, Wedbush says By Investing.com
Investing.com -- Tesla (NASDAQ:TSLA) will be hosting its much-anticipated Robotaxi Day on Thursday, Oct. 10, an event that Wedbush analysts think "marks a new chapter of growth around autonomous, FSD, and AI future" at the electric vehicle (EV) giant. "We continue to believe Tesla is the most
[32]
Tesla is unveiling its long-awaited robotaxi amid doubts about the technology it runs on
DETROIT -- Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected to
[33]
Tesla's 'Cybercab' Event Shows Autonomy Still More Hollywood Than High-Impact | PYMNTS.com
What has four wheels, two seats, no steering wheel and arrived a few years late? Tesla's long-awaited robotaxi, which CEO Elon Musk had predicted in 2019 would be launched by 2020. But it wasn't until this Thursday evening (Oct. 10), in the year 2024, that Musk finally unveiled his plan for the
[34]
Tesla is unveiling its long-awaited robotaxi amid doubts about the technology it runs on
DETROIT (AP) -- Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected
[35]
Tesla's Musk to Unveil Robotaxis Amid Fanfare and Skepticism
(Reuters) - Tesla is set to unveil its long-promised robotaxi in Hollywood late on Thursday and update investors on artificial intelligence projects, efforts CEO Elon Musk has bet will drive the electric vehicle maker's long-term growth. Enthusiasm around the event has been on display across
[36]
Tesla Robotaxi Day Event 'More Fanfare Than Substance': 8 Analysts On Cybercab, Optimus, Autonomous Vehicle Vision - Tesla (NASDAQ:TSLA)
Analysts see Tesla stock trading lower after a lack of details on the company's business plan and no Model 2 being shown at the event. Analysts say Tesla Inc's TSLA stock could continue to slide after the lack of clear business plans for Robotaxis and no updates on the lower-cost production
[37]
Tesla Unveils Cybercab Robotaxi, Betting Big on an Autonomous Future | PYMNTS.com
The autonomous vehicle, slated for production by 2027, hopes to reshape urban transportation with its sub-$30,000 price tag and $0.40 per mile operating cost. However, as Tesla aims to usher in an era of driverless taxis, tall hurdles remain, including perfecting the technology, navigating
[38]
Tesla Is Unveiling Its Long-Awaited Robotaxi Amid Doubts About the Technology It Runs On
DETROIT (AP) -- Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected
[39]
Elon Musk unveils Tesla's 'Cybercab,' plans to bring autonomous driving tech to other models in 2025
Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company's "Cybercabs," telling
[40]
What You Need To Know Ahead of Tesla's 'Robotaxi' Event Thursday
UPDATE -- Oct. 8, 2024: This article has been updated to reflect more recent share price information. Tesla (TSLA) is expected to unveil its autonomous "robotaxi" on Thursday, after the event was delayed from its original date in August, with analysts expecting a number of updates from the
[41]
Elon Musk unveils Tesla 'Cybercab' as focus shifts to robo-cars
STORY: Elon Musk made a big entrance late Thursday. He rolled towards the stage at the Warner Bros studios near Los Angeles in a new two-door Tesla which he calls the 'Cybercab'. The vehicle has no steering wheel or pedals, and is meant to launch robotaxi services. Musk says it will go into
[42]
Elon Musk Unveils Tesla's AI-Powered 'Cybercab'
LOS ANGELES -- Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company's
[43]
'That's it?' Morgan Stanley rips Tesla robotaxi event for lack of detail
Wall Street has been fairly hot-and-cold on Tesla stock this year -- and its highly anticipated robotaxi unveiling on Thursday isn't helping to improve investor sentiment. Morgan Stanley's Adam Jonas said he walked away particularly underwhelmed. "We were overall disappointed with the substance and
[44]
Elon Musk unveils Tesla's 'Cybercab,' plans to bring autonomous driving tech to other models in 2025
LOS ANGELES (AP) -- Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company's
[45]
Tesla Has A Lot To Prove On Robotaxi Day. Top Experts Have Doubts
The Tesla Robotaxi reveal is CEO Elon Musk's make-or-break moment. But AI scientists think Tesla's approach has major flaws. The Tesla Robotaxi Day event on Thursday at a Warner Bros. Hollywood studio is a high-stakes moment for CEO Elon Musk. He's staked nothing short of the company's future on
[46]
Tesla gambles on 'black box' AI tech for robotaxis
(Reuters) - Tesla aims to stun investors Thursday night with its long-awaited "robotaxi unveil," a potential milestone after a decade of Elon Musk's unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the "Cybercab" rather than a
[47]
Tesla's 'Dream Premium' Faces Moment of Truth at Robotaxi Reveal
The stakes for Tesla Inc. are high as investors eagerly await the first look at the company's fully self-driving vehicle later on Thursday. The electric vehicle maker's nearly $800 billion market capitalization -- more than eight times bigger than General Motors Co. and Ford Motor Co.'s combined
[48]
Tesla fumbled the perfect opportunity to surprise its EV rivals
Most of the marquee products shown off at the Warner Bros. Studios backlot revolved around Tesla CEO Elon Musk's idea for future mobility. He envisions a world without human drivers, where the average person can get their "time back" from driving while autonomous vehicles do the heavy
[49]
Tesla robotaxi anticipation hits fever pitch ahead of debut
The big picture: The company is widely expected to debut the so-called Cybercab at an event at Warner Bros. Studios in Hollywood. The hype is already feverish -- with even analysts who disagree on Tesla acknowledging the gravity of the moment. What to watch for: What has Tesla actually
[50]
Elon Musk's Tesla unveils Robotaxi at AI event "We, Robot"; Check details
Tesla Cybercab: Tesla's highly anticipated "We, Robot" event took center stage as Elon Musk unveiled the long-promised robotaxi, highlighting the company's vision for autonomous vehicles. The robotaxi, part of Musk's broader AI robotics strategy, promises to revolutionize transport through a
[51]
Tesla robotaxi event will include long-awaited "Cybercab" unveiling
Tesla's Robotaxi Day event is set to take place at a Hollywood studio Thursday night, and expectations are high. Too high for some analysts and investors. The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected to show off
[52]
Social Security's 2025 COLA Reveal Isn't the Main Event on Oct. 10 -- For Wall Street and the Rise of Artificial Intelligence (AI), This Is... | The Motley Fool
On Oct. 10, investors will be eyeing a potentially game-changing announcement from one of the world's leading artificial intelligence (AI) pioneers. For the more than 68 million beneficiaries currently receiving a Social Security check each month, today is kind of a big a deal. In less than four
[53]
Tesla gambles on 'black box' AI tech for robotaxis
Tesla plans to reveal its 'Cybercab' robotaxi prototype, highlighting a unique self-driving approach reliant solely on cameras and AI machine learning. This strategy faces challenges, including difficulty handling rare driving scenarios and analyzing system mistakes, contrasting with competitors
[54]
Tesla unveils Cybercab robotaxi, sets 2026 production date By Investing.com
Investing.com-- Tesla (NASDAQ:TSLA) unveiled its long-awaited Cybercab robotaxi on Thursday evening, with CEO Elon Musk claiming that the vehicle will go into production, optimistically, by 2026, and will cost less than $30,000. Tesla also unveiled the Robovan, an autonomous vehicle capable of
[55]
Okay, Robotaxi looks cool. But how is this better than Model 2?
Tesla's Robotaxi event came and went last night, and we finally learned (very few) new details about the much-hyped car that CEO Elon Musk thinks will add $5 trillion to Tesla's market capitalization. But the main thing it left me (still) thinking is: why does this car even exist? Tesla has been
[56]
Tesla is expected to unveil a robotaxi tonight: 5 things to know
Tesla CEO Elon Musk gestures at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California, on April 13, 2024. Tesla is hosting an event it's calling "We, Robot" in Hollywood on Thursday night. Etienne Laurent/AFP via Getty images hide caption An
[57]
Tesla's Robotaxi Event Promised Utopia. It Was Still A Letdown
The "We, Robot" event was peak 2020s Tesla: A long wait, few specifics, tons of promises for a bright future. But for whom? The designs look great. I'll give them that. Franz von Holzhausen hasn't lost his touch. But for anyone who was expecting Tesla to settle the countless questions about how
[58]
Musk, Tesla unveil long-awaited "Cybercab" robotaxi
Los Angeles -- Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before it's available. CEO Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company's
[59]
Elon Musk's Cybercab Is a Money-Burning Folly
On Thursday, Elon Musk will announce a project he's been promising for nearly a decade: a self-driving, on-demand electric vehicle he calls the Cybercab. The details so far have been scarce. Despite the similar etymology, it probably won't look much like the Cybertruck, the geodesic land rocket
[60]
Tesla Unveils Its Cybercab, Robovan, and More -- What You Need To Know
Tesla also showcased its Optimus humanoid robot, which Musk said he believes could become "the biggest product ever, of any kind." Tesla (TSLA) unveiled its highly anticipated "Cybercab" robotaxi, "Robovan," and more at the electric vehicle maker's "We, Robot" event Thursday. CEO Elon Musk, who
[61]
Tesla's big 'We, Robot' event criticized for 'parlor tricks' and vague timelines for robots, Cybercab, Robovan
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Elon Musk's publicly traded electric vehicle company Tesla, Inc. hosted its highly anticipated "We Robot" event on October 10, 2024, at Warner Bros. Discovery Studios in
[62]
Insight: Tesla gambles on 'black box' AI tech for robotaxis
Oct 10 (Reuters) - Tesla aims to stun investors Thursday night with its long-awaited "robotaxi unveil," a potential milestone after a decade of Elon Musk's unfulfilled promises to deliver self-driving vehicles. The automaker is widely expected to showcase a prototype called the "Cybercab" rather
[63]
Wall Street Breakfast: Place Your Bets
It's finally here. Tesla (TSLA) will hold its 'We Robot' event tonight at 10 pm Eastern time at Warner Bros' Hollywood studio near Los Angeles. The event was delayed from August 8, which raised expectations that Tesla will show a working prototype and lay out an aggressive autonomous driving plan.
[64]
Elon Musk unveils Tesla's Cybercab -- no steering wheel, no pedals
Tesla CEO Elon Musk unveiled his new robo-taxi Thursday, and, in true Tesla fashion, the much-anticipated autonomous vehicle rolled in nearly an hour late -- right on schedule for a product that's been delayed time and time again. But fans didn't mind, as Musk delivered not just the long-awaited
[65]
Elon Musk Unveils Tesla's Robotaxi, a Self-Driving Car With No Steering Wheel or Pedals - IGN
Tesla boss Elon Musk has revealed a number of new autonomous products, including the Robotaxi. At his 'We, Robot' event held at Warner Bros. Studios in Burbank, California, Musk, who also owns social network X/Twitter, showed off a silver-chrome hued Robotaxi, which has no steering wheel or
[66]
Tesla's Cybercab reveal: Is this the 'ChatGPT moment for robotaxis'?
Elon Musk has unveiled Tesla's newest vehicle: a self-driving car he calls the "Cybercab". The tech tycoon showed off the prototype robotaxi - which has no steering wheel or pedals - on Thursday at the Warner Bros film studio in California on non-public roads. "This is a very big deal," Musk
[67]
Tesla's Cybercab Is Here
At a media event this evening, Tesla CEO Elon Musk showed off the company's new Cybercab and shared some details about Tesla's plan to launch its own robotaxi service. Movie studios are where Hollywood spins fantastical worlds out of fancy camera angles and special effects. So where better to show
[68]
Tesla Robotaxi: This Is It
Tesla's much-hyped robotaxi is finally here. The automaker unveiled the Cybercab at a splashy event in Los Angeles on Thursday. Tesla CEO Elon Musk believes that the company's future mainly hinges on artificial intelligence and robotics -- not just selling electric vehicles. Self-driving cars are
[69]
Musk to Premiere Tesla Robotaxis in Hollywood
Tesla faces a watershed moment on Thursday when CEO Elon Musk takes the stage at the Warner Bros Hollywood studio to unveil much-delayed plans for a robotaxi, a project that has reignited the electric vehicle maker's stock, despite cooling expectations for EV growth. Musk has said Tesla's robotaxi
[70]
Tesla Reveals Autonomous Robotaxi and Robovan, Plans 2025 Self-Driving Launch - Decrypt
CEO Elon Musk unveiled Tesla's new line of self-driving vehicles, including its new Robotaxi and Robovan, with more than a million people tuning into the company's We, Robot event. "One of the things that we want to do, and we've seen this with the Cybertruck," Musk said Thursday night during the
[71]
Tesla Is Ready to Roll Out Its Robotaxis
On Thursday, Tesla will reveal its Cybercab, a self-driving robotaxi. But running an autonomous ride-hailing fleet involves much more than teaching cars to drive themselves. On Thursday evening, around 7 pm PDT, Tesla is slated to unveil the newest vehicle in its lineup: one that will be able to
[72]
Musk's Latest: Two-Door Robotaxi
Tesla is facing issues in terms of its deliveries and continual regulatory scrutiny of its Full Self-Driving (FSD) technology. However, this doesn't deter Musk as he focuses on evolving Tesla into an AI robotics company from a mere automaker. While Waymo, Cruise, and Zoox among other companies
[73]
Elon Musk unveils Tesla's long-promised 'Cybercab' | BreakingNews.ie
Tesla has unveiled its long-awaited robotaxi at a Hollywood studio, although fans of the electric vehicle maker will have to wait until at least 2026 before they are available. Chief executive Elon Musk pulled up to a stage at the Warner Bros studio lot in one of the company's Cybercabs, telling
[74]
Tesla's Robotaxi Still Faces The AI 'Black Box Problem'
The day has come: it's time for the reveal of the Tesla Robotaxi (er, CyberCab?) After years of Tesla CEO Elon Musk's promises to solve self-driving, the automaker is poised to reveal the culmination of its efforts. And with it comes a lot of questions. When will it launch? In what cities? Can I
[75]
Elon Musk unveils Tesla self-driving Cybercab for under $30,000 -- what the heck is it?
On Thursday, Elon Musk and Tesla finally held the long-teased 'We,Robot' event where Tesla CEO Elon Musk revealed humanoid robots, a robotaxi and a 20-seat 'robovan.' The event was held on a Warner Brothers lot in Los Angeles, and didn't get off to a great start. The title is a reference to "I,
[76]
Tesla reveals 20 Cybercabs at We, Robot event
Tesla has finally revealed its Cybercab, and it looks like a smaller, sleeker Cybertruck. And while many were expecting there to be at least one prototype of a robotaxi with no steering wheel or pedals, Tesla CEO Elon Musk delighted his fans with a lineup of 20 vehicles. The flashy "We, Robot"
[77]
Musk unveils long-awaited robotaxi
Tesla CEO Elon Musk unveiled the electric vehicle (EV) company's long-awaited robotaxi Thursday night, showing off a fleet of sleek self-driving cars with no steering wheels or pedals. The Cybercab is expected to be in production before 2027 and to cost less than $30,000, Musk said at the highly
[78]
Tesla unveils its 'Cybercab' robotaxi
The automaker has launched its robotaxi at its 'We, Robot' event. Tesla has introduced a robotaxi called Cybercab during its "We, Robot" event at Warner Bros. Discovery's studio in California, six months after Elon Musk revealed that the company was going to launch one. Musk made his way to the
[79]
Tesla Robotaxi vs. Waymo vs. Cruise: Here's How They Stack Up
With hundreds of millions of dollars invested in developing vision-based autonomy, how does Tesla compare to Waymo and Cruise? After years of promises, Tesla's Robotaxi is finally here. Well, sort of. During last night's event in Hollywood, CEO Elon Musk boasted about the automaker's new
[80]
What to Expect at Tesla's Oct. 10 'Cybercab' Robotaxi Reveal
Tesla is set to reveal its long-awaited robotaxi prototype at its "We, Robot" event on Oct. 10. Based on prior events, Tesla will likely livestream it on YouTube and X, and we'll update this story when those go live. Originally scheduled for Aug. 8, the event was quietly pushed to October and
[81]
Elon Musk Announces the 'Cybercab' and Other Surprises at Tesla's 'We, Robot' Event. Here's What to Know.
The surprise announcement was the Robovan, a self-driving van that seats up to 20 people. Tesla's "We, Robot" event Thursday night showed that Elon Musk is steering the electric car maker towards a self-driving future -- one without steering wheels. Musk arrived at the event, held at Warner Bros.
[82]
Tesla's "We, Robot" robotaxi event: biggest news and announcements
Tesla is about to reveal its self-driving robotaxi, a purpose-built autonomous vehicle that's supposed to reposition the company as a leader in AI and robotics. The new robotaxi will be revealed at Warner Bros. movie studios in Burbank, California, where Tesla has reportedly been collecting fresh
[83]
Tesla Unveils Cybercab Driverless Robotaxi With Autonomous Capabilities
Tesla also promised autonomous capabilities for its other vehicles Tesla Cybercab electric vehicle (EV) was unveiled at the "We, Robot" event on Thursday. Introduced at the Warner Bros lot in Burbank, California, as a competitor to the likes of Alphabet's Waymo, the highly-anticipated robotaxi
[84]
How to watch Tesla's robotaxi event
On Thursday, Tesla CEO and noted fancy leaper Elon Musk will take the stage to showcase the company's robotaxi plans, a la the "Cybercab." Although the vehicle we see isn't expected to be a fully functional product, investors and Tesla fans are hoping for a working prototype or other signs the
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Tesla's We, Robot event in a nutshell: Cybercab, Robovan and Optimus
Tesla's "We, Robot" event took place with Elon Musk presenting the company's latest advancements in autonomous technology. From the introduction of driverless Cybercabs to the reveal of a humanoid robot named Optimus, the We, Robot event highlighted Tesla's plans to reshape both transportation and
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Elon Musk unveils surprise 'robovan' at flashy Tesla event, says...
Elon Musk unveiled three new Tesla high-tech products -- including a surprise autonomous passenger van -- at a highly anticipated event in California Thursday night. Musk rode up to the stage in the long-awaited driverless "Cybercab" that Tesla was expected to showcase during the evening titled
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What to expect at Tesla's 'We, Robot' event
Tesla is about to reveal its self-driving robotaxi, a purpose-built autonomous vehicle that's supposed to reposition the company as a leader in AI and robotics. The new robotaxi will be revealed at Warner Bros. movie studios in Burbank, California, where Tesla has reportedly been collecting fresh
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Tesla's highly anticipated robotaxi event fails to impress investors, leading to a stock decline. The company showcases new autonomous vehicle designs but faces skepticism over execution and competition in the self-driving market.
Tesla Unveils Robotaxi Vision Amid Investor Skepticism
Tesla's much-anticipated robotaxi event, held at Warner Bros. studios in Los Angeles, has left investors and analysts underwhelmed, resulting in a significant drop in the company's stock price. CEO Elon Musk presented Tesla's vision for autonomous vehicles, including the "Cybercab" and "Robovan," but the lack of concrete details and timelines has raised questions about the company's ability to deliver on its promises
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.Key Announcements and Investor Reaction
Musk unveiled the Cybercab, a sleek two-seat vehicle without a steering wheel or pedals, priced under $30,000. He also introduced a 20-passenger Robovan, suggesting it could transform urban landscapes by "turning parking lots into parks"
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. Despite these ambitious announcements, Tesla's stock fell nearly 9% following the event, reflecting investor disappointment with the lack of specifics on technology, safety features, and production timelines2
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.Challenges in the Autonomous Vehicle Race
Tesla's approach to autonomous driving relies heavily on its Full Self-Driving (FSD) software and camera-based technology, which differs from competitors like Waymo and Cruise. While Tesla claims this method will allow for faster scaling and lower costs, critics argue that the company's technology lags behind rivals and faces significant regulatory hurdles
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.Some key challenges include:
- Safety concerns and the need for extensive testing
- Regulatory approvals for unsupervised autonomous driving
- Economic viability of robotaxi networks, which are currently unprofitable for competitors
- The need for a compelling cost advantage to justify adoption
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Market Expectations and Competitive Landscape
The robotaxi market is estimated to be worth between $1.7 trillion and $8 trillion by 2040, according to various analysts
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. Tesla faces stiff competition from established players like Waymo, which is already offering paid rides in several U.S. cities, and Cruise, GM's autonomous vehicle subsidiary2
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.Investors had hoped for more details on Tesla's cheaper Model 2 and near-term earnings prospects. The company's core electric vehicle business has been experiencing slowing growth, with deliveries falling 5% and auto revenue dropping 7% in the last quarter
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.Future Outlook and Investor Perspectives
Despite the initial disappointment, some analysts remain optimistic about Tesla's long-term potential in the autonomous vehicle market. The company's vast amount of training data from its semi-autonomous driving function could provide an advantage once full self-driving capabilities are achieved
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.However, investors are increasingly focused on Tesla's ability to execute its vision and compete in the evolving automotive landscape. The company's valuation, trading at 68 times forward earnings, reflects high expectations for its AI and robotaxi ambitions
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.As Tesla moves forward with its autonomous vehicle plans, the company will need to address investor concerns by providing more concrete details on technology development, regulatory compliance, and market strategy to maintain confidence in its long-term growth prospects.
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