Tesla CEO Musk unveils ‘cybercab’ robotaxi as focus shifts to automation
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LOS ANGELES - Tesla CEO Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Oct 10 and added a robovan to the roster as Tesla’s goal shifts from low-priced mass-market automaker to robotics manufacturer.
He reached the stage in a “cybercab” which he said will go into production in 2026 and cost less than US$30,000 (S$39,200).
He said operation will cost 20 US cents a mile over time and charging will be inductive, requiring no plugs.
The cars rely on artificial intelligence and cameras, he said, and do not need other hardware such as what robotaxi rivals use – an approach investors and analysts have flagged as challenging from a technical and regulatory standpoint.
“The autonomous future is here,” Mr Musk said. “We have 50 fully autonomous cars here tonight. You’ll see model Ys and the cybercab. All driverless.”
He also showcased a larger, self-driving vehicle – called robovan – capable of carrying up to 20 people, and featured Tesla’s Optimus humanoid robot.
His plan is to operate a fleet of self-driving Tesla taxis that passengers can hail through an app.
Individual Tesla owners will be able to make money on the app by listing their vehicles as robotaxis.
The event at the Warner Bros studio near Los Angeles, California, is titled We, Robot – an apparent nod to the “I, Robot” science-fiction short stories by American writer Isaac Asimov, but it also echoes Mr Musk’s insistence that Tesla “should be thought of as an AI robotics company” rather than a carmaker.
The people in attendance include investors, stock analysts and Tesla fans.
Investors expecting concrete details on how quickly Tesla can ramp up robotaxi production, secure regulatory approval and implement a strong business plan to leapfrog rivals such as Alphabet’s Waymo were left disappointed.
“Everything looks cool but not much in terms of timelines. I’m a shareholder and pretty disappointed. I think the market wanted more definitive timelines,” said Mr Dennis Dick, equity trader at Triple D Trading.
“I don’t think he said much about anything... He didn’t give much info.”
Mr Musk said he tends to be optimistic with timeframes.
Missed promises
He said in 2019 he was “very confident” the company would have operational robotaxis by the following year.
After missed promises, he diverted his focus in 2024 to developing the vehicles after scrapping plans to build a smaller, cheaper car widely seen as essential to countering slowing demand for its EVs.
Tesla is at risk of posting its first decline in deliveries in 2024 as buying incentives have failed to attract enough customers to its ageing EV line-up.
Steep price cuts meant to offset high interest rates have also squeezed profit margins.
Complicated technology and tight regulation have led to heavy losses for other companies attempting to crack the robotaxi market, forcing some to close shop.
Some are still pushing, including General Motors’ Cruise, Amazon’s Zoox and Chinese firms such as WeRide.
Unlike expensive hardware such as lidar that others use, Mr Musk is relying only on cameras and AI to run full self-driving (FSD) to keep costs down.
But FSD, which requires constant driver attention, has faced regulatory and legal scrutiny with at least two fatal accidents involving the technology.
“We do expect to start fully autonomous unsupervised FSD in Texas and California next year,” Mr Musk said. “That’s with the Model 3 and Model Y.”
He did not say if the robotaxis will use new technology or rely on FSD. REUTERS
