Tesla unveils new fully autonomous robotaxi, Elon Musk’s 'Cybercab is a car with no steering wheel or pedals
- by Firstpost
- Oct 11, 2024
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Musk believes that instead of sitting idle in garages or parking lots for most of the day, autonomous vehicles like the Cybercab could be in constant use, making transportation more efficient and cutting costs for everyday travel. Musk claims the Cybercab will hit the market by 2027
Some big promises
Musk took to X (formerly Twitter) to express his excitement, describing the event as a peek into the future Tesla envisions — a world where AI drives us all.
Musk’s statement that “cars are just doing nothing most of the time” struck a chord with many. His vision of a world where cars are constantly in motion, driving autonomously without human intervention, speaks to a future where efficiency is key. This would mean fewer cars on the road, more efficient use of resources, and potentially even a reduction in overall traffic congestion.
While the Cybercab reveal generated plenty of buzz, it wasn’t without its share of scepticism. Investors and analysts have long questioned the feasibility of fully autonomous driving, especially given the legal, technical, and regulatory challenges that have hindered progress in this field.
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Musk acknowledged these challenges during the event but remained optimistic, reiterating Tesla’s leadership in AI development. The company’s focus on creating autonomous vehicles without the need for expensive sensors like lidar — opting instead for a system based on cameras and AI — sets Tesla apart from competitors but has also raised eyebrows due to past issues with the technology.
Missed targets
Musk’s grand vision for robotaxis is nothing new. Back in 2019, he predicted that Tesla would have fully operational robotaxis on the road by 2020, but that deadline came and went without much to show.
Now, in 2024, Tesla has shifted its focus back to autonomous driving, setting aside plans for a more affordable electric vehicle in favour of pushing forward with robotaxi development. While this pivot has excited some investors, it comes at a time when Tesla is grappling with other challenges.
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The company is facing the possibility of its first-ever decline in vehicle deliveries this year, despite offering incentives to attract new buyers. Interest in Tesla’s existing lineup appears to be waning, as customers look for fresh options in a rapidly growing electric vehicle market. The aggressive price cuts Tesla has introduced to offset rising interest rates have also hit the company’s profit margins, adding to the pressure on Musk to deliver on his promises.
Image Credit: Tesla
Many industry experts believe that for Tesla to maintain its rapid growth, Musk will need to provide more than just ambitious ideas. A fully functional robotaxi prototype, along with a clear strategy for scaling production and overcoming regulatory hurdles, will be critical to winning over sceptical investors and consumers. Competitors such as Alphabet’s Waymo, which already operates uncrewed robotaxis in several US cities, have a head start in the autonomous driving space. Musk will need to demonstrate that Tesla can not only match but surpass these established players.
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