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@Andrew Eborn Octopus TV Ltd
32:30
Musk's Cybercab & Robovan launch at Warner Bros Studios Andrew Eborn with Elon Musk's father, Errol
Musk's Cybercab & Robovan launch at Warner Bros Studios Andrew Eborn with Elon Musk's father, Errol
Cybercab & Robovan
• Cybercab Unveiling: Elon Musk introduced Tesla’s Cybercab robotaxi at Warner Bros Studios, emphasizing its futuristic design with no pedals or steering wheel and wing-like doors.
• Self-Driving Vision: Musk highlighted the safety of fully autonomous vehicles and suggested they could generate income for owners through ridesharing.
• Market Reaction: Tesla’s shares dropped over 8% following the announcement, while competitors like Uber and Lyft saw their stocks rise up to 10%.
• Production Timeline: Musk predicted Cybercab production by 2027, though his history of missed deadlines raises scepticism.
• Affordability Doubts: Analysts question whether Tesla can achieve the proposed Cybercab price of under $30,000, citing likely cost challenges.
• Safety Concerns: Autonomous technology approval depends on regulators, and experts express concerns about Tesla’s camera-based system versus radar/LiDAR used by others.
• Robovan and Spectacle: Musk also revealed a "Robovan" prototype that seats 20, amid a lively event featuring humanoid robots and an emphasis on Tesla’s tech-driven future.
• Competitive Landscape: The robotaxi sector faces hurdles, like the recent Cruise suspension in San Francisco, but companies like Waymo, Uber, and Baidu are expanding their autonomous fleets.
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