Elon Musk launches Tesla's Cybercab robotaxi with plans for production by 2027

Elon Musk introduced Tesla's "Cybercab" robotaxi, aiming to produce self-driving cabs before 2027 for under $30,000. He also revealed a prototype for a 20-person autonomous vehicle called the "Robovan." Musk's presentation was delayed and brief, featuring dancing humanoid robots. He mentioned that unsupervised rides could begin in Texas and California next year, despite previous missed deadlines for self-driving taxis. Analysts express skepticism about the timeline due to regulatory challenges and safety concerns. Tesla's vehicle deliveries rose 6.4% recently, but investors are more focused on the anticipated $25,000 Model 2 electric vehicle.