Tesla's Cybercab Unveiling Fails to Impress Investors

Tesla unveiled its autonomous Cybercab during the 'We, Robot' event, showcasing a futuristic design without traditional controls like steering wheels or pedals. The vehicle is expected to cost under $30,000 with a release aimed for 2026, representing Tesla's vision for a driverless future amid challenges such as technology reliability and regulatory hurdles. Despite the ambitious showcase, investors were unimpressed, leading to a 9% drop in Tesla's stock and a $15 billion decrease in Elon Musk's net worth. Industry experts expressed skepticism about Tesla's timeline and regulatory support, drawing comparisons with competitors like Waymo and General Motors. The event highlighted the potential for autonomous vehicles to transform urban transport, though significant advancements are needed for widespread adoption.