Elon Musk shared the first look at the Cybercab during Tesla's "We, Robot" event, but investors aren't convinced by his vision.

Rather than riding the stock’s recent momentum, the robotaxi unveiling proved to be the “sell the news” event some analysts predicted.

Tesla plans to launch fully autonomous driving in Texas and California next year, with the Cybercab entering production by 2026 — although he said it could be as late as 2027. Additionally, Tesla is developing the Optimus robot, which could be available for $20,000–$30,000 and is capable of performing various tasks.

After years of promises from CEO Elon Musk, Tesla (TSLA) on Thursday evening showed off its progress toward building autonomous products and gave some updates on its future.

Tesla Inc. unveiled its much-awaited robotaxi at an event in Southern California on Thursday night, showing a prototype of the Cybercab, an autonomous vehicle without steering wheels or pedals that Chief Executive Elon Musk said would cost less than $30,

Tesla and CEO Elon Musk finally revealed the EV-maker's long-awaited robotaxi on Thursday night, including a surprise much larger autonomous EV.

Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors. The company, which began selling software it calls “Full Self-Driving” nine years ago that still can't drive itself,

Tesla CEO Elon Musk says his company’s robotaxi will “probably” be in production before 2027 — and predicts it will cost less than $30,000.

Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from low-priced mass-market cars to robotic vehicles.