Robotaxi. No steering wheel or pedals!

[HemiEd]

We have several electric car threads, but this is bye week and the first time I have noticed no steering wheel or pedals. Just wow.

Tesla CEO Elon Musk unveiled the highly anticipated robotaxi last night, a driverless, $30K vehicle called the Cybercab. Tesla says the car—which lacks pedals and steering wheels—will go into production by 2027. The company also debuted a 20-person robovan and touted its Optimus robots.



The debut is almost a decade in the making and comes amid a series of lawsuits and investigations over Tesla's supervised driving vehicles. The company's investors hope robotaxis will generate almost 90% of Tesla's value and earnings by 2029. This would involve drivers being able to rent their vehicle through an app when not in use, earning passive income in a "part Uber, part Airbnb" model. Tesla hopes electric vehicle sales will eventually account for only 9% of Tesla's value.



Tesla is not the first company to pursue this model; Google’s Waymo already services 100,000 paid rides per week, including in Los Angeles, San Francisco, and Phoenix. Amazon's Zoox is coming soon to San Francisco.