The two-seat vehicles are designed to operate without a human driver and have no steering wheel, brake pedal, accelerator pedal or conventional mirrors.
The new Cybercab embodies Elon Musk’s vision of cars that drive themselves, but it is not clear when the vehicle will be widely available.
Tesla's massive investments in humanoid robots , self-driving cars and AI chips are hurting profits, but the company says it'll all pay off down the line. Why it matters: CEO Elon Musk indicated he's "never been more optimistic about the future," but acknowledged the investments could lead to uneven results. Zoom in: Tesla revenue jumped on record vehicle deliveries in the second quarter, but the company saw a significant dip in operating profit because of its heavy spending on R&D. - Tesla plans to spend more than $25 billion on capital investments this year, and that spending rate will grow over the the next two or three years, CFO Vaibhav Taneja told investors and analysts on a call late Wednesday. - Additionally, Tesla plans to…
As the race toward autonomy unfolds, a new U.S. "Big Three" in mobility is emerging: Instead of GM, Ford and Chrysler, it's Waymo, Tesla and Uber. Why it matters: Automotive and tech giants, along with many well-funded startups, are vying for a slice of the self-driving future. The big picture: Autonomous driving technology is no longer science fiction. It's here. - Robotaxis are operating in about a dozen cities — with tests underway in many more — and driverless semi trucks are hauling loads across Arizona and Texas. - But safely deploying AV technology is only the start — the next phase of the AV race is about who can operate networks at scale. This will require building the infrastructure and large-scale operations needed to…