Tesla’s recent earnings call was a whirlwind of announcements and conflicting statements, leaving many investors confused about the future of its electric vehicle lineup. While the company reported strong Q3 2024 results, the spotlight was undeniably on the upcoming robotaxi, the Cybercab.
Initially reveiled on October 10th with a sub-$30K price tag, Musk later clarified that this figure was post-incentives, suggesting a higher base price. However, he quickly contradicted himself by stating that the Cybercab would cost “roughly $25K.”
This back and forth about pricing, coupled with the confirmation that the Cybercab would be completely autonomous, raised questions about the viability of an affordable, fully self-driving electric vehicle. As investors eagerly await more details on the Cybercab and other upcoming Tesla models, including the refreshed Model Y and a more budget-friendly option, the company’s ambitious plans continue to spark both excitement and uncertainty.
Tesla’s upcoming product lineup is shrouded in mystery, with conflicting statements from Elon Musk adding to the confusion. While the company is still on track to launch more affordable models in the first half of 2025, Musk’s recent comments on the Cybercab have raised questions about its pricing and positioning.
Despite stating that a traditional $25K Tesla is pointless, Musk later claimed that the Cybercab, a fully autonomous vehicle without a steering wheel or pedals, will be priced at around $25K. This discrepancy suggests either a lack of clarity or a strategic shift in Tesla’s product strategy.
The Cybercab, which is expected to reach volume production in 2026, will be built on Tesla’s next-generation platform and utilize a groundbreaking unboxed manufacturing process. This new platform will also power a more efficient powertrain, surpassing even Lucid Air Pure in terms of miles per kilowatt hour.
While the Cybercab is poised to revolutionize the automotive industry, its impact on Tesla’s product strategy and the timeline for more affordable models remains uncertain.
