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Elon Musk unveiled Tesla Inc.’s highly anticipated self-driving taxi at a flashy event that was light on specifics, sending its stock sliding as investors questioned how the carmaker will achieve its ambitious goals.
The chief executive officer showed off prototypes of a slick two-door sedan called the Cybercablate Thursday, along with a van concept and an updated version of Tesla’s humanoid robot.
The robotaxi which has no steering wheel or pedals could cost less than $30,000 and “probably" will go into production in 2026, Musk said.
The product launch, held on a movie studio lot near Los Angeles, didn’t address how Tesla will make the leap from selling advanced driver-assistance features to fully autonomous vehicles.
Musk’s presentation lacked technical details and glossed over topics including regulation or whether the company will own and operate its own fleet of Cybercabs.