Elon Musk Unveils Tesla's Robotaxi and AI Projects

Elon Musk recently unveiled Tesla's ambitious plans for autonomous vehicles, including the Cybercab, a robotaxi intended to cost under $30,000, and a robovan capable of transporting up to 20 passengers. While the futuristic designs received attention, director Alex Proyas criticized Musk for allegedly borrowing ideas from his 2004 film 'I, Robot'. Musk anticipates that fully autonomous vehicles will be operational by 2026, despite experts raising concerns about safety and regulatory challenges. The presentation also showcased Tesla's humanoid robot, Optimus, which Musk claims will assist in daily tasks and enhance workplace efficiency. However, investor reaction was lukewarm, with Tesla's stock dropping nearly 9% following the event, highlighting skepticism about the feasibility of Musk's grand promises. As competition in the autonomous vehicle market intensifies, questions remain about Tesla's ability to deliver on its ambitious timeline and plans.