CEO Elon Musk said the Cybercabs will not have pedals and steering wheels and will charge via wireless pads. Before the Cybercab launches in 2026, Tesla will start testing fully driverless features and robotaxi rides with Model 3 and Model Y vehicles as soon as next year, in Texas and California. (The Logic)

Talking point: Tesla shares sank nearly nine per cent, as investors appeared unimpressed with the lack of detail in Thursday night’s launch event, which also included the unveiling of a surprise robovan. The debut comes as rivals like General Motors’ Cruise have abandoned plans for custom robotaxi vehicles without steering wheels and pedals. Tesla has reportedly pushed back other projects—like a more affordable EV—to focus on autonomous vehicles. Musk has said he aims to use driverless Teslas as a potential second line of business, renting out rides when owners aren’t using vehicles, much like Airbnb. At the event, Musk said he hopes the technology will improve safety and enable entrepreneurs to launch businesses that manage robotaxi fleets.