Tesla's New Two-Seater Robotaxi Faces Investor Skepticism

Elon Musk's unveiling of the Cybercab raises questions about its market viability and impacts Tesla's stock value.

Tesla's Cybercab, a two-seater autonomous vehicle, was revealed at a high-profile event but left investors puzzled over its practicality.
The Cybercab is set to cost under $30,000 and aims to operate at 20 cents per mile, though production is not expected until 2026.
Critics argue the two-seater design limits its appeal, especially compared to competitors like Waymo's four-passenger vehicles.
Tesla's stock dropped nearly 9% following the event, reflecting concerns over the lack of detailed financial and production plans.
Elon Musk's broader vision includes a ride-hailing network and a futuristic Robovan, but regulatory and technical challenges remain significant.