Tesla's Daring Drive: Elon Musk Unveils the Future of Autonomous Transport

Elon Musk unveiled Tesla's ambitious plans for autonomous transport, including a Cybercab and robovan. Investors are eager to see specific business strategies, as Tesla aims to leapfrog competitors like Waymo. Despite setbacks, Musk's vision of self-driving cars by next year has sparked interest, but regulatory obstacles remain.

At Tesla's Hollywood unveiling, Elon Musk revealed ambitious plans for autonomous vehicles, promising driverless operation of Model 3 and Model Y in California and Texas by next year. The showcase included a Cybercab, priced under $30,000, and a 20-passenger robovan, aimed at transforming urban spaces.

Despite the excitement, investors expressed concerns over the lack of concrete business plans for the autonomous venture. Tesla stock fell 6% following the event, underscoring skepticism about Musk's ability to pivot Tesla into an AI and autonomous driving leader, amid competitive pressures.

Experts highlighted issues with Tesla's self-driving technology, pointing out the regulatory hurdles ahead. While prototypes of cybercabs generate enthusiasm, the widespread rollout of unsupervised autonomous taxis remains several years away, potentially affecting immediate market strategies.

(With inputs from agencies.)