Tesla's Ambitious Drive Into Autonomous Future: Robotaxi Dreams and Investor Doubts

Elon Musk unveiled Tesla's driverless robotaxis, promising unsupervised operations by next year and a $30,000 Cybercab by 2026. While showcasing innovative concepts like robovans and dancing robots, investors demanded clearer plans for Tesla's shift to autonomous driving. Despite doubts, Musk envisions groundbreaking city transformations.

Elon Musk set ambitious goals Thursday night at Tesla's Hollywood launch, revealing plans for driverless robotaxis and causing ripples among investors who seek clarity on Tesla's autonomous vehicle vision. The event, featuring a 'Cybercab' and prototypes like robovans, highlighted the company's future-oriented strategy.

Musk promised fully autonomous operations for Tesla's Model 3 and Model Y vehicles in California and Texas by next year. However, the event lacked concrete details on monetizing AI and robotics, raising skepticism among investors and sparking a 5% drop in Tesla's share price despite a notable rise since April.

While Tesla plans a cost-effective approach to leapfrog self-driving competitors, concerns about regulatory compliance and technological readiness remain. With a keen focus on the financial potential of innovative products, stakeholders anticipate significant regulatory hurdles before autonomous Cybercabs can hit the streets.

(With inputs from agencies.)