{"id":48920,"date":"2026-04-24T11:35:37","date_gmt":"2026-04-24T11:35:37","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/24\/elon-musk-says-tesla-has-started-producing-cybecabs\/"},"modified":"2026-04-24T11:35:37","modified_gmt":"2026-04-24T11:35:37","slug":"elon-musk-says-tesla-has-started-producing-cybecabs","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/04\/24\/elon-musk-says-tesla-has-started-producing-cybecabs\/","title":{"rendered":"Elon Musk says Tesla has started producing cybecabs"},"content":{"rendered":"
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Tesla Inc. has started manufacturing its long-awaited Cybercab robotaxi, Chief Executive Officer Elon Musk said in a post on social media platform X. <\/p>\n

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https:\/\/twitter.com\/elonmusk\/status\/2047574971774611553?s=46 <\/div>\n<\/figure>\n

The announcement marks a key milestone in the company\u2019s push into autonomous ride-hailing, even as its global vehicle sales continue to face pressure. <\/p>\n

Musk indicated that production ramp-up for the Cybercab has begun this month, fulfilling a timeline that the company had previously outlined to investors.<\/p>\n

The development comes at a time when Tesla\u2019s broader business has been grappling with declining demand across key markets.<\/p>\n

Cybercab positioned at centre of robotaxi strategy<\/h2>\n

Tesla envisions the Cybercab as a central component of its future robotaxi network.<\/p>\n

The system is expected to operate as a mixed fleet, comprising vehicles both with and without human safety monitors.<\/p>\n

The Cybercab<\/a>, a two-door, two-seat electric vehicle, was first unveiled two years ago.<\/p>\n

It drew significant attention for its unconventional design, notably lacking a steering wheel or pedals.<\/p>\n

Such a configuration would require regulatory exemptions in the United States before it can be deployed at scale.<\/p>\n

Musk has previously stated that the Cybercab will be more affordable than other Tesla models. <\/p>\n

However, the company has not yet disclosed pricing details, leaving uncertainty around its positioning in the broader electric vehicle market.<\/p>\n

Q1 results highlight pressure and rising investments<\/h2>\n

Tesla\u2019s first-quarter 2026 results reflected a mix of financial performance and long-term ambition.<\/p>\n

The company reported revenue of $22.39 billion,<\/a> while net income attributable to common shareholders stood at $477 million.<\/p>\n

Adjusted earnings per share came in at 41 cents, and free cash flow reached $1.44 billion.<\/p>\n

Vehicle deliveries totalled 358,023 units during the quarter, indicating continued pressure on demand.<\/p>\n

At the same time, Tesla increased its spending significantly. <\/p>\n

Capital expenditure rose to $2.49 billion in the quarter, signalling a more aggressive investment cycle.<\/p>\n

Stock movement remains muted despite production update<\/h2>\n

Tesla shares showed limited reaction to the announcement.<\/p>\n

The stock rose less than 1% in premarket trading before the start of regular market hours.<\/p>\n

Despite the marginal uptick, the stock remains under pressure, having declined 17% so far this year.<\/p>\n

The muted market response reflects ongoing investor concerns about Tesla\u2019s near-term growth outlook and the pace at which its autonomous vehicle ambitions can translate into meaningful revenue.<\/p>\n

Expansion plans across major US cities<\/h2>\n

Tesla\u2019s ride-hailing business is set for further expansion across the United States.<\/p>\n

The company told investors during a recent earnings call that it plans to extend its robotaxi operations to Phoenix, Miami, Orlando, Tampa, and Las Vegas in the first half of the year.<\/p>\n

The company initially launched its robotaxi services in Austin<\/a> last year. <\/p>\n

Since then, it has gradually expanded operations, including the introduction of services in Dallas and Houston earlier this month.<\/p>\n

Revenue impact expected to take time<\/h2>\n

Despite the progress in production and geographic expansion, Tesla has cautioned that the financial contribution from its robotaxi business will take time to materialise. <\/p>\n

As cited in Bloomberg report, Musk said the company is unlikely to generate material revenue from the segment until at least 2027.<\/p>\n

The company has not provided detailed information regarding fleet sizes or the number of vehicles operating without safety monitors.<\/p>\n

This lack of clarity, underscores the gradual nature of Tesla\u2019s rollout strategy.<\/p>\n

While the Cybercab production marks a significant step forward in Tesla\u2019s autonomous ambitions, the slow ramp-up and delayed revenue expectations suggest that the initiative remains a long-term bet rather than an immediate growth driver.<\/p>\n

The post Elon Musk says Tesla has started producing cybecabs<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc. has started manufacturing its long-awaited Cybercab robotaxi, Chief Executive Officer Elon Musk said in a post on social media platform X. https:\/\/twitter.com\/elonmusk\/status\/2047574971774611553?s=46 The announcement marks a key milestone in the company\u2019s push into autonomous ride-hailing, even as its global vehicle sales continue to face pressure. Musk indicated that production ramp-up for the Cybercab <\/p>\n","protected":false},"author":1,"featured_media":48921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-48920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48920"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48921"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}