Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Did Tesla Tease Its Robotaxi In Shareholder Video? Blink And You'll Miss The Alleged 'Cybercab'

Published 22/05/2024, 10:41
Did Tesla Tease Its Robotaxi In Shareholder Video? Blink And You'll Miss The Alleged 'Cybercab'

Benzinga - by Anan Ashraf, Benzinga Editor.

Snapshots from a short video shared by Tesla Inc (NASDAQ:TSLA) earlier this week are now being circulated on social media as possible glimpses of the company’s upcoming robotaxi product.

What Happened: Tesla on Monday shared a video urging shareholders to vote for CEO Elon Musk‘s 2018 pay package in the upcoming shareholder meeting scheduled for June 13.

The video highlighted different Tesla products including its Cybertruck, full self-driving assistance software expected to enable vehicle autonomy in the future, and more.

A snap from the video is now being circulated online as a concept image of the robotaxi. The image shows a two-seat white interior with no pedals or steering wheel.

There is a center screen, and an armrest that can be lowered between the two seats, and notably, no steering wheel. It is not immediately clear if it is indeed a concept image for the upcoming Robotaxi, or even whether there is more to the picture.

Yet another snapshot from the video shows a vehicle’s angular rear, different from Tesla’s present offerings, and is also being circulated as a glimpse of the upcoming Tesla product.

The last peek at Tesla’s robotaxi was shown in Musk’s biography by Walter Isaacson released last year. The concept image from the book showed a two-door, two-seater vehicle with ample space for luggage in the rear.

Why It Matters: Tesla intends to unveil its dedicated Robotaxi product on Aug. 8. The date is deemed a lucky number in China and also coincides with the birthday of Musk’s triplets,

Last month, the CEO said that dedicating to autonomous driving is a “blindly obvious move” for Tesla.

“Not quite betting the company, but going balls to the wall for autonomy is a blindingly obvious move,” Musk wrote. “Everything else is like variations on a horse carriage.”

During Tesla’s first-quarter earnings call, Musk casually referred to the "purpose-built robotaxi product" as the "Cybercab." It is unclear if this is a placeholder or the final name.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More: PepsiCo Doubles Down On Electric As 75 Ford E-Transits Join Tesla Semi Trucks In Fleet

Photo courtesy: Tesla

© 2024 Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.