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.

Chief executive Elon Musk pulled up to a stage at the Warner Bros studio in Los Angeles in one of the company's Cybercabs, telling the crowd the sleek, AI-powered vehicles do not have steering wheels or pedals.

Tesla regularly makes bold promises it has not kept. Last night, it made many bold promises about autonomous driving and robotics.

You could fall asleep and wake up at your destination,” said Mr. Musk, Tesla’s C.E.O., but some experts are skeptical that such cars will be ferrying passengers soon.

Musk reached the stage in a "Cybercab" which he said will go into production in 2026 and be priced less than $30,000.

Shares of electric vehicle maker Tesla sank after the company's long-awaited robotaxi event — where CEO Elon Musk unveiled the firm's Cybercab self-driving concept car — failed to impress investors. Tesla stock was down 5% as of 4:45 a.

Tesla’s “We, Robot” robotaxi event is happening at the Warner Bros. movie studio film lot in Burbank, Calif., where CEO is expected to announce the company’s first fully driverless vehicle. Musk will also share more details about the Tesla Network,