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Tesla’s flashy unveiling of its Cybercab robotaxi in 2024 left some glaring questions unanswered.
The sleek, gold-colored coupé impressed with a futuristic design, but baffled onlookers with its cramped two-seat interior, lack of a charging port, and a dubious, far-too-good-to-be-true $30,000 price tag.
Just under two years later, the first Cybercabs are starting to hit the streets in Austin, Texas — and Tesla is just itching to sell you one. Last week, the EV maker started handing out a “Robotaxi interest form,” as Electrek reported at the time, in an apparent effort attract would-be entrepreneurs willing to buy an entire fleet of the unusual vehicles.
Put simply, the idea is to share revenue from ride income with Tesla while the vehicles operate on the carmaker’s network, using its self-driving tech.
It’s part of a much broader plan. For many years, Tesla CEO Elon Musk has promised that its Full Self-Driving-enabled vehicles, including the Cybercab, could effectively turn into an appreciating money-printing machine, allowing owners to sit on their couch and magically watch the money roll in.
As early as 2018, Musk promised investors that he saw the “future as kind of a shared electric autonomy, so that you’d be able to do ride-hailing or share the car any way,” likening it to “some combination of like Uber, Lyft, and Airbnb.”
But there are plenty of reasons businesspeople should hesitate before takeing Tesla up on the offer of operating a Robotaxi fleet, as Electrek‘s Fred Lambert argued in a compelling essay this week.
Basically, he pointed out, “if running a fleet of Cybercabs were actually profitable, Tesla wouldn’t sell you a single one.” It’s like claiming you’ve found an infinite money glitch — and then instead of quietly profiting off it, selling a get-rich-quick book on how to do it yourself.
There are also looming technical questions. Musk’s lofty promises of a vehicle that completes ride-hailing requests autonomously while also appreciating in value has little, if any, bearing with reality in 2026. To the contrary, the EV maker’s offerings are among some of the fastest depreciating vehicles on the market today.
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