Elon Musk unveils Tesla's 'Cybercab' robotaxi during event in Burbank

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Elon Musk unveils Tesla's 'Cybercab' robotaxi during event in Burbank
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Elon Musk pulled up to a stage at the Warner Bros. studio lot in one of the company's 'Cybercabs,' telling the crowd that the sleek, AI-powered vehicles don't have steering wheels or pedals.

Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available.

"We'll move from supervised Full Self-Driving to unsupervised Full Self-Driving. Where you can fall asleep and wake up at your destination," he said. "It's going to be a glorious future." "If they're going to eventually get to robotaxis, they first need to have success with the unsupervised FSD at the current lineup," said Seth Goldstein, equity strategist at Morningstar Research. "Tonight's event showed that they're ready to take that step forward."

The company also trotted out several of its black and white Optimus humanoid robots, which walked a few feet from the attendees before showing off dance moves in a futuristic-looking gazebo. Osborne also noted that, in TD Cowen's view, the "politicization of Elon" is tarnishing the Tesla brand among Democrat buyers in the U.S.

But he has acknowledged that past predictions for the use of autonomous driving proved too optimistic. In 2019, he promised the fleet of autonomous vehicles by the end of 2020.

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