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Westferry Times > World > World > Elon Musk’s Tesla unveils Robotaxi at AI event “We, Robot”; Check price, specifications, and AI features
World

Elon Musk’s Tesla unveils Robotaxi at AI event “We, Robot”; Check price, specifications, and AI features

Mona Porwal
By Mona Porwal Published October 11, 2024
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Tesla Unveils Cybercab Robotaxi at AI Event “We, Robot”: Price, Specifications, and AI Features

Tesla, under the leadership of its visionary CEO Elon Musk, has once again captured global attention with the unveiling of its long-anticipated Cybercab robotaxi. The reveal took place at Tesla’s AI event titled “We, Robot,” held at Warner Bros. Studios in Burbank, California. Musk, known for pushing the boundaries of technology, showcased the futuristic vehicle as part of Tesla’s ambitious plan to dominate the autonomous transportation market.

Cybercab robotaxi: Price and production timeline

Musk announced that the Cybercab robotaxi will be available for under $30,000, with production set to begin as early as 2026. This price point is remarkably lower than Tesla’s current Model 3 sedan, which starts at over $42,000 following recent tariffs on Chinese-sourced components. While the price tag is certainly appealing, it has also raised skepticism due to Tesla’s track record of delays and cost overruns. For instance, the Cybertruck was initially priced at under $50,000 but now starts at approximately $80,000. This inconsistency has led some potential buyers to remain cautious about whether Tesla can deliver the Cybercab at the advertised price.

In addition to the Cybercab, Musk also unveiled a new Robovan concept, a larger autonomous vehicle designed to transport up to 20 passengers. Both vehicles signify Tesla’s broader ambition to expand its presence in the autonomous transportation industry, offering affordable options for consumers and businesses alike.

AI-driven features and autonomous capabilities

The Cybercab robotaxi is designed to be fully autonomous, emphasizing its futuristic vision. Unlike traditional vehicles, it lacks a steering wheel or pedals, signifying Tesla’s commitment to creating a true self-driving experience. The Cybercab features butterfly-wing doors and a compact cabin designed to accommodate two passengers, further distinguishing it from conventional vehicles.

Tesla’s autonomous system relies heavily on its Full Self-Driving (FSD) technology, which is primarily based on cameras. This approach differs significantly from competitors like Waymo and Cruise, which rely on lidar and radar technology. While Tesla’s decision to forgo these more expensive sensors helps keep costs down, it has raised safety concerns among analysts. Critics argue that the camera-only system may struggle in difficult driving conditions, such as heavy rain or bright sunlight, where lidar and radar might offer better reliability.

Cybercab’s role in tesla’s future vision

Musk envisions a future where the Cybercab and other Tesla vehicles operate as part of a robotaxi fleet. Consumers will be able to hail rides via an app, and Tesla owners can even list their cars on the network when not in use, turning their vehicles into income-generating assets. This strategy aims to position Tesla at the forefront of the autonomous ride-sharing market, directly competing with established players like Waymo and General Motors’ Cruise.

The idea of a Tesla robotaxi fleet is not new—Musk first floated the concept back in 2019. However, production delays and setbacks in the development of FSD technology postponed the rollout. Musk’s latest unveiling at “We, Robot” seeks to reignite excitement around this vision, positioning Tesla as more than just an electric vehicle (EV) manufacturer. “Tesla should be thought of as an AI robotics company, not an automaker,” Musk has repeatedly said, highlighting the company’s shift toward integrating AI into its core products.

Regulatory challenges and industry competition

While Tesla’s vision is undoubtedly ambitious, it faces significant hurdles in getting the necessary regulatory approvals for fully autonomous vehicles. The absence of traditional driving controls in the Cybercab means that it will need approval from various regulatory bodies before it can hit the roads. This process could lead to further delays, as autonomous driving technology continues to face scrutiny from safety regulators.

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Additionally, Tesla is not the only company in the robotaxi race. Competitors such as Waymo, Amazon’s Zoox, and Cruise have all made significant investments in autonomous driving technology. These companies have faced their own challenges, including high development costs and tight regulations, but they have managed to make considerable progress in deploying their robotaxi fleets. For Tesla, breaking into this market will require not only technological advancements but also overcoming regulatory and legal barriers.

Looking ahead: Tesla’s broader AI ambitions

In addition to the Cybercab, Musk also hinted at other upcoming projects, including a lower-cost EV and updates on the humanoid robot Optimus. First introduced in 2021, Optimus is designed to perform useful tasks and could be available to consumers as early as 2025. Musk’s emphasis on AI, robotics, and autonomous technology at the “We, Robot” event aligns with his broader vision of transforming Tesla into a leader in AI-driven solutions.

Despite the challenges ahead, Musk remains optimistic about Tesla’s future. The Cybercab robotaxi is just one part of a much larger plan to revolutionize transportation and robotics, and Thursday’s event served as a reminder of Tesla’s relentless pursuit of innovation. The event was streamed live on X (formerly Twitter) and YouTube, with limited in-person attendance reserved for select shareholders, influencers, and fans.

As Tesla continues to push the envelope, the Cybercab marks another milestone in its quest to shape the future of transportation and AI. Whether the company can meet its ambitious production and pricing goals remains to be seen, but the unveiling has certainly captured the imagination of tech enthusiasts and investors alike.

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