TLDR
- Elon Musk confirmed Cybercab production has begun, with full assembly-line production set for April 2026.
- Tesla stock rose around 0.5–0.7% Wednesday following the announcement, trading near $412–$416.
- The Cybercab is a two-seat, steering-wheel-free, pedal-free vehicle built for Tesla’s autonomous ride-sharing network, Robotaxi.
- California’s DMV backed off a potential suspension after Tesla updated its Autopilot and Full Self-Driving marketing language.
- Tesla now has 1.1 million active FSD (Supervised) subscriptions, up 38% year over year.
Tesla (TSLA) stock edged higher Wednesday after Elon Musk announced that production of the Cybercab has officially begun. Shares were up roughly 0.5% to $412.51 in early trading, with the broader S&P 500 up just 0.1%.
Musk posted on X Tuesday: “Congratulations to the Tesla team on making the first production Cybercab!” It’s a rare moment where a Musk timeline appears to be holding — full assembly-line production is still on track for April 2026.
Barclays analyst Dan Levy noted that the initial units are likely for testing and validation, but called the announcement “supportive of the April timeline.”
The Cybercab was first unveiled at Tesla’s “We, Robot” event in October 2024. It has no steering wheel, no pedals, and seats just two passengers. It was built from the ground up for autonomous operation.
Musk confirmed on Monday that the pedal-and-wheel-free design is staying. There’s some speculation, based on an old Musk video he reposted, that an emergency manual steering feature could be included — but nothing has been confirmed.
One small naming wrinkle: in some states, the words “cab” and “taxi” are legally restricted, so the vehicle may launch under a different name — something like “cyber car” or “cyber vehicle,” Musk hinted during the Q4 earnings call.
Robotaxi Network Expanding
Tesla launched its Robotaxi service in Austin, Texas, last June using Model Y vehicles. The plan is to expand to nine cities in the first half of 2026, with Cybercabs eventually joining the fleet.
Tesla’s vision goes beyond just selling cars. VP of Engineering Lars Moravy put it plainly on the Q4 call: “You have to start thinking about us as providing transportation as a service.” Musk added that he expects 95–99% of driving to be autonomous in the future.
Owners will also be able to buy Cybercabs and add them to Tesla’s ride-sharing network in a revenue-sharing model — similar to how Airbnb works for homeowners.
California DMV Backs Off
Tesla also dodged a regulatory bullet this week. California’s DMV had flagged concerns over how Tesla marketed its Autopilot and Full Self-Driving driver-assistance systems, suggesting the names implied full autonomy when they don’t.
Tesla has since dropped “Autopilot” from its marketing and clarified that FSD requires driver supervision at all times. That was enough for the DMV to pull back from a suspension that could have hit Tesla’s dealerships and manufacturing operations in the state.
On the FSD front, Tesla disclosed 1.1 million active FSD (Supervised) subscriptions at the end of Q4, up 38% year over year. The system uses a cabin camera to monitor driver attention and is inching closer to a genuinely autonomous experience — though it’s not there yet.
Tesla stock is up about 16% over the past 12 months, with a market cap sitting around $1.4 trillion. Shares were trading at $416.46 as of Wednesday afternoon.
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