Tesla is prepping a Cybercab onslaught
Tesla is expanding its 'Cybercab' robotaxi operations to Dallas and other cities, aiming to capture a larger share of the terrestrial transportation market. The company faces stiff competition from Waymo and must prove its scalability to investors before the business becomes a significant financial contributor.
Why it matters
The expansion represents a pivotal test for Tesla's autonomous driving strategy and its ability to compete in the ride-hailing sector.
Tesla says it is preparing to launch its shiny gold Cybercab in new markets outside its home of Austin, Texas, in a bid to “literally take over every part of terrestrial transportation.”
“We’re starting with getting people from one place to the other, but we want to basically own transportation of any kind on Earth,” Chief Financial Officer Vaibhav Taneja said on the company’s third-quarter earnings call Wednesday.
Tesla has previously shown a concept version of a multi-passenger vehicle it calls the “Robovan,” but it’s unclear if Taneja’s bombastic comments mean the company is working on other types of transportation.
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