Economy

Tesla’s Robotaxi Revolution: AI-Powered, Driverless Cars by 2026

Published

October 12, 2024

At Tesla‘s recent “We, Robot” event, Elon Musk introduced the world to the company’s new self-driving Robotaxi. The vehicle, which comes without traditional controls like a steering wheel or pedals, is designed to revolutionize urban transportation. Musk explained that the Robotaxi will be priced under $30,000 and operate at a low cost of about 20 cents per mile over time. He highlighted how this cost efficiency could make autonomous transportation akin to “individualized mass transit,” far cheaper than current options like buses.

The future will be streamed live
10/10, 7pm PT https://t.co/YJEjZIYoTA
— Tesla (@Tesla) October 9, 2024

Musk’s vision includes the Robotaxi being fully autonomous by 2026, with passengers able to hail it through an app, similar to current ride-sharing services. The vehicle will rely solely on AI and cameras, an approach that differentiates Tesla from its competitors, who often use more expensive hardware like lidar. Musk described the driving experience in these autonomous vehicles as “wild,” emphasizing the thrill of being in a car with no traditional controls.

However, challenges remain. Investors have voiced concerns about the practical and regulatory hurdles Tesla faces, and some were disappointed by the lack of specific timelines at the event. Still, Musk is optimistic, aiming to launch fully autonomous, unsupervised driving in parts of Texas and California next year.