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Fortune
Fortune
Christiaan Hetzner

Elon Musk’s robotaxi could be Tesla’s final all-new EV

Chief Executive Officer of SpaceX and Tesla and owner of Twitter, Elon Musk attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre on June 16, 2023 in Paris, France. (Credit: Chesnot—Getty Images)
  • Tesla execs said new cars launching this year will just be more affordable derivatives of existing cars. Instead, the company is focusing on next year’s launch of the Cybercab, a vehicle without a steering wheel or pedals that will be built in the millions for autonomous ride-hailing fleets. Musk believes it will be his company’s next killer product after the Model Y, before pivoting to humanoid robots.

Tesla shareholders banking on the arrival of all-new EV models this quarter are headed for a disappointment as the company pivots away from selling cars to consumers in favor of AI and robotics.

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