The Cybercab announcement arrives near the end of a tumultuous year for Tesla. The company started 2024 down more than 40 percent from its 2021 peak, then dipped dramatically again until early April.

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.

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.