Mission Statement: to assist the integration of foreign residents living in Spain
By Johanna Gardener • Updated: 11 Oct 2024 • 18:10 • 2 minutes read
The new Tesla cybercab unveiled by Elon Musk Credit: X:@Tesla
Tesla CEO Elon Musk will announce the long-awaited driverless robotaxi or cybercab, which is set to be launched to the public.
Although initially to be announced this August, Elon Musk looks set to announce Tesla’s driverless robotaxi service powered by artificial intelligence this week. With the innovative cybercab, passengers would be able to hail a taxi without a driver, steering wheel or pedals. The model was unveiled at an exciting Tesla launch in Hollywood studio on the night of October 10.
Tesla’s robotaxi, dubbed by Elon Musk as the cybercab still faces some regulatory approvals as previous accidents have halted widespread use of the driverless vehicles until potential accidents related to driverless cars are ironed out.
This is an issue not attributed to today’s standard cars, but one that ultimately provides another hurdle for Tesla to navigate before all safety standards are met.
Despite being nine years since the company first began selling the Full Self Driving (or FSD software), Musk now promises to inaugurate a new and exciting taxi era, whereby taxi owners can happily sleep or work, while their driverless robotaxi continues to collect fares for extra profits.
These profits are then shared between the owner and Telsa itself. On the brink of its potential launch, news of the robotaxi has prompted investors to speculate that Tesla’s AI Cybercab could see the company’s value rise sharply from a current value of $750 billion to over $4.5 trillion.
Elon Musk does have a track record of over-promises and optimistic predictions, something he openly admitted when promoting Tesla’s self driving vehicle capabilities and timelines . In July of last year, he told investors: “I am the boy who cried FSD but I think we’ll be better than humans by the end of this year”.
He later confessed: “ I’ve been wrong in the past. I may be wrong this time.” Time will tell but Musk’s pending announcement on the Cybercab is eagerly awaited. Expectations are high that Tesla will deliver a product that will boost its market value.
Find more articles on Elon Musk
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our Privacy Policy for more information about our privacy practices.
Originally from Manchester, UK and with a degree in English with Modern Foreign Languages, she has been a permanent resident in Spain for the past 12 years. Many of these years, she has spent working as a secondary school teacher, as well as in journalism, editing and marketing. She currently lives in the historic centre of Malaga, where she enjoys writing, walking and animals.
Download our media pack in either English or Spanish.