Tesla recently showcased its highly anticipated Cybercab, an AI-powered robotaxi, at a Hollywood studio event. CEO Elon Musk revealed the sleek vehicle, emphasizing that it would drive without human intervention. While the car is expected to be under $30,000 and available by 2026, many investors are skeptical due to Tesla's past promises and the reliability of its Full Self-Driving (FSD) technology.

    Musk has been trying to shift Tesla's image towards AI and robotics, as the company faces challenges selling older electric vehicle models. Competitors like Waymo and GM's Cruise are already deploying similar technology. Tesla hopes to make FSD available on its Model 3 and Model Y in Texas and California next year.

    The unveiling featured a minibus-like vehicle and humanoid robots, which demonstrated tasks like babysitting and fetching groceries. Despite the excitement, Tesla's event drew comparisons to previous claims that automated driving was imminent, which have yet to materialize.

    Safety concerns and regulatory investigations surrounding FSD add to the uncertainty. Tesla's recall of FSD in February due to safety issues and recent fatal crashes involving the system highlight the challenges the company faces.

Tesla Unveils Futuristic Cybercab: Will It Hit Roads in 2026?

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