Tesla unveils Cybercab: a $30,000 electric robotaxi coming in the next 2 years
Tesla has unveiled a new vehicle called Cybercab; a $30,000 electric robotaxi coming in the next 2 years.
At an event at Warners Bros studios on Thursday night, Elon Musk took the stage to unveil the new vehicle.
Its name is still not clear. Prior to the event, Musk referred to it as both ‘Cybercab’ and ‘Robotaxi’.
Both terms were also used during the event.
Tesla only has a very short web page about the new vehicle (and Robovan) on its website and it refers to it as ‘Robotaxi’:
Despite having an actual launch event for the vehicle, the details are very limited. There are basically none on the previously mentioned webpage, so we have to go only for what was said and seen at the event.
As expected, the vehicle is a 2-seater with butterfly wing doors and no steering wheel or pedals.
Most, if not all prototypes shown appeared to have a gold finish. It doesn’t have a rear window.
Musk said that Tesla had 20 Cybercabs at the event. He also mentioned having “50 autonomous vehicles” at the event, but that number seemed to include Model Y vehicles.
Here are a few images of the exterior of the Cybercab that Tesla has released:
When it was driving around at the event, it seemed to have matrix headlights embedded into a front light bar similar to what is found on the Tesla Cybertruck.
It’s only a two-seater, but at least, it looks like it has a very large hatchback trunk:
The Cybercab will be the first Tesla vehicle to feature wireless induction charging as standard. As we previously reported, the Cybertruck appears ready to receive a wireless charger, but it will likely be a retrofittable option in the future.
Wireless charging has been around in consumer electric vehicles for a long time, but it never really took off. However, it is believed to become a more prominent feature with self-driving vehicles as it enables the vehicle to go charge itself without anyone having to plug it in.
Tesla also briefly showed a video of an automated system being able to clean the vehicle.
Here are a few images of the interior of the Tesla Cybercab:
Tesla didn’t release much in terms of specs for the new vehicle. There was no word on the electric vehicle’s range.
Musk mentioned an estimated cost of operation of $0.20 a mile, which appears ambitious.
He also mentioned that consumers will be able to buy it. It won’t be only for an autonomous ridesharing fleet, Tesla Network, which Musk has been hyping for years.
The CEO said that Tesla is aiming to sell the Robotaxi for less than $30,000. As for when it will enter production, Musk said it will come in 2026, but he did acknowledge that he is often wrong with his timelines, and it could come in 2027 instead.
How does the Tesla Cybercar drive itself?
That was the biggest question of the night. Tesla has been selling cars that it claims will become self-driving since 2016, and they have yet to become self-driving.
It doesn’t give much credibility to launching a vehicle without a steering wheel or pedals.
Some Tesla owners who bought Tesla’s up-to-$-15,000 Full Self-Driving package on current vehicles feared that Tesla would shift its strategy with Cybercab, but that doesn’t appear to be the case.
Musk said that Cybercab is equipped with Tesla’s AI5 onboard computer and based on a visual check, it appears to only use cameras, like Tesla’s existing vehicles.
The CEO reiterated that the plan was still to make Full Self-Driving work unsupervised on the current vehicle, which he now thinks will happen next year in Texas and California.
To be fair, he said that it was going to happen next year virtually every year for the past 5 years and the only data available shows that Tesla needs a roughly 500-100x improvement in miles between disengagement before it can make this a reality, and it only was able to do a ~2x improvement so far this year.
The Cybercab would then rely on the FSD system improvements to deliver its autonomous rides.
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Environment
It seems like Elon Musk stoking a civil war in England isn’t good for Tesla’s sales there
Tesla’s EV registrations in the UK, its biggest market in Europe, took a dramatic hit in October 2025 — just 511 units — marking one of the brand’s weakest showings in recent memory. That’s a steep drop from 971 in October 2024 and 2,677 in October 2023. The tone of the market is shifting.
Maybe Tesla’s CEO stoking a civil war in England isn’t helping the automaker’s demand in the important market.
Tesla’s sales have been struggling in Europe over the past two years, and the decline has been accelerating in 2025.
While some believed that things were stabilizing for the American automaker in Europe, the October data tells a different story. Tesla had its worst month of deliveries of the year in 12 of its 15 biggest European markets.
As Tesla sales in Germany crashed over the last year, partly because Tesla CEO Elon Musk supported the far-right AfD party, the UK became Tesla’s biggest market in Europe.
But now it looks like the UK is going in the same direction.
According to registration data, Tesla delivered only 511 vehicles in the UK in October 2025. Tesla has over 50 stores in the country – that’s an average of roughly 10 vehicles per location for the whole month.
It’s the worst monthly performance since October 2022.
Much as Tesla’s demand crashed in Germany, Elon Musk’s politics might be behind the lower demand in the UK.
The CEO regularly comments on UK politics and often shares inflammatory reports about crimes perpetrated by immigrants. He also shares misleading crime and immigration statistics aimed at spreading hatred.
After he tweeted that “Civil war is inevitable. Just a question of when.”, he was accused of stoking a civil war in the country.
Musk’s public commentary on UK topics has sparked backlash and resulted in his “unfavorability rating” reaching 80% in the country.
Electrek’s Take
Meanwhile, Tesla’s demand cliff is opening the door to competitors. BYD is now expected to outsell Tesla in the whole year of 2025 in the UK despite Tesla having a presence in the market for much longer.
Not many industry watchers thought it would happen this fast.
Tesla appears to be completely missing out on the surge of EV sales in Europe due to a mix of having a stagnant EV lineup, brand problems brought on by a controversial CEO, and increased competition.
In the US, Musk is believed to have cost Tesla about 1 million sales over the last 3 years.
I think it will soon be approaching this number in Europe.
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Rondo Energy and energy producer EDP are installing a massive 100 MWh renewable-powered heat battery at HEINEKEN’s brewery in Lisbon, Portugal. The project will deliver round-the-clock renewable steam and reduce emissions without altering the facility’s beer brewing process.
Brewing HEINEKEN with zero-carbon steam
The Rondo Heat Battery (RHB) will be the biggest deployed in the beverage industry worldwide. It can store electricity as high-temperature heat using refractory bricks, then convert that heat into 24/7 steam, all without burning fossil fuels.
At HEINEKEN’s Central de Cervejas e Bebidas Brewery and Malting Plant, the heat battery system will supply 7 MW of steam, powered by renewable electricity from onsite solar and the grid. That steam is identical to steam created by gas-fired boilers, but without the carbon pollution.
EDP is providing the renewable electricity and will deliver the steam directly to HEINEKEN via a Heat-as-a-Service model. Rondo is supplying the battery, and HEINEKEN gets to ditch fossil fuels without retooling its brewing process.
Why this matters
This project is a big win for industrial decarbonization. High-temperature steam is one of the most complex parts of manufacturing to electrify, and the beer industry runs on it. HEINEKEN’s Lisbon site already uses solar panels for electricity and electric heat pumps for hot water, and this move helps it go even further.
It’s part of HEINEKEN’s “Brew a Better World” plan to hit net zero emissions by 2040 and decarbonize all of its global production sites by 2030.
Additionally, the deployment aligns with Portugal’s national target of reducing greenhouse gas emissions by 55% by 2030.
The bigger picture
With the European Investment Bank and Breakthrough Energy Catalyst backing this and other Rondo projects with €75 million in funding, this Lisbon installation is just the beginning. Rondo’s technology enables energy-hungry industries to switch from fossil fuels to renewable electricity without compromising 24/7 operations.
Rondo CEO Eric Trusiewicz sums it up: “We are thrilled to be installing our first Rondo Heat Battery in Iberia, and to support HEINEKEN to reach its goals. We look forward to helping industries across Iberia cut costs and carbon, and help Iberia capitalize on the opportunity.”
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Lucid Group (LCID) reported third-quarter earnings after the market closed on Wednesday, missing top and bottom-line estimates.
With 4,078 vehicles delivered in Q3, Lucid marked its seventh straight quarter with higher deliveries. Through the first nine months of 2025, Lucid delivered nearly 10,500 vehicles, more than the roughly 10,200 it handed over in 2024.
Although supply chain issues hampered production in the first half of the year, Lucid’s CEO Marc Winterhoff said the company made “significant progress ramping production of the Lucid Gravity through Q3,” including adding a second manufacturing shift at its Casa Grande, Arizona, plant.
Lucid produced 3,891 vehicles in Q3, missing estimates of around 5,600. With 9,966 EVs produced through the third quarter, Lucid will need to build over 8,000 more to meet its full-year production goal of 18,000 to 20,000.
According to estimates, Lucid is expected to report an adjusted quarterly loss of $2.27 per share on revenue of $352 million in Q3 2025.
Lucid Group Q3 2025 earnings breakdown
Lucid missed top and bottom-line estimates as it continues to address industry-wide supply chain issues that are hampering production of the Gravity SUV.
Although it missed estimates, Lucid reported Q3 revenue of $336.6 million, which is still up 68% from $200 million in the same period last year.
Lucid’s net loss narrowed to $978.4 million in the third quarter, or $3.31 per share, from $992.5 million, or $4.09 per share, in Q3 2024. On an adjusted basis, Lucid posted a loss of $2.65 per share.
In addition, Lucid said it agreed with Saudi Arabia’s Public Investment Fund (PIF) to increase the delayed draw term loan credit facility (DDTL) from $750 million to around $2 billion.
Given the increase, Lucid said total liquidity would have been around $5.5 billion at the end of Q3, up from the $4.2 billion it reported. Lucid ended the third quarter with $1.6 billion in cash and equivalents.
Lucid said liquidity is enough to fund it through the first half of 2027, up from the second half of 2026, as previously forecast. Lucid plans to launch production of its more affordable midsize platform in late 2026 with vehicles starting at around $50,000.
Lucid confirmed it was still on track to start production of the midsize platform later next year. However, given the supply chain issues, it now expects to hit the lower end of its production goal at around 18,000.
Winterhoff said the company “remains intensely focused on ramping up production and addressing the significant supply chain disruptions impacting the entire industry.”
Lucid is advancing other emerging tech, including autonomy and intelligent mobility. Through a new partnership with NVIDIA, Lucid aims to be among the first to offer Level 4 autonomous driving.
The third-quarter earnings miss comes after Rivian (RIVN) beat expectations this week, reporting higher revenue and improving gross margins.
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