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Source: Instagram Handle of Wealth
Published on 10/11/2024

Tesla Introduces Cybercab, Robovan and Optimus Robot at We, Robot Event

Elon Musk Promises Safer, Affordable Autonomous Rides

Tesla introduced the Cybercab, Robovan and Optimus Robot at We, Robot event. Tesla introduced the Cybercab which is a self-driving taxi model that aims to drive long-term growth for the company. The two door vehicles showcased on the Warner Brothers lot in Burbank, California feature no steering wheels or pedals. CEO Elon Musk claimed these autonomous cars would be ‘’10 times safer than a human’’.

4-www.wired com

The event highlighted 20 Cybercabs and 30 autonomous Model Y cars. Elon Musk anticipates starting fully unsupervised self-driving in California and Texas next year with Cybercab production beginning in 2026 priced under $30,000.

2-www.barrons com

Tesla also unveiled a Robovan and updated progress on the Optimus personal robot. Elon Musk emphasized that this technology could minimize parking needs in cities and allow drivers to reclaim their time. Originally scheduled for an August reveal, the Cybercab has been promoted by Musk since 2019. The announcement follows recent reports about Musk's plan for a Tesla-run autonomous ride service utilizing customer-owned vehicles.

1-www.theverge com

Despite earlier predictions for robotaxis to launch by 2020, regulatory approval for self-driving cars remains limited while the cars would be accompanied by a ride-share app similar to both Uber and Airbnb. Tesla recently faced lawsuits and investigations related to crashes involving its autopilot systems. Additionally, Elecktrek reported a consensus of 463,000 deliveries for the third quarter while Tesla reported 462,890. Model 3 and Model Y made the bulk of the deliveries, around 440,000 of the two models delivered in the quarter.