TLDR
- Cybercab production has started; full assembly-line production is on track for April 2026.
- Tesla stock rose ~0.5% Wednesday to around $412–$416 following the announcement.
- The Cybercab is a two-seat, steering-wheel-free, pedal-free vehicle built for autonomous ride-sharing.
- California’s DMV pulled back from a potential suspension after Tesla updated its FSD and Autopilot marketing.
- Tesla’s FSD subscriptions hit 1.1 million in Q4, up 38% year over year.
Tesla stock got a quiet lift Wednesday after Elon Musk confirmed what many had wondered if they’d ever see: a promised Tesla product actually arriving on schedule.
Musk posted on X Tuesday: “Congratulations to the Tesla team on making the first production Cybercab!” Shares were up around 0.5% to $412.51 in early trading, with the S&P 500 gaining just 0.1% in the same window. By Wednesday afternoon, TSLA was trading at $416.46.
Barclays analyst Dan Levy flagged that early units are likely earmarked for testing and validation, but said the news was “supportive of the April timeline.”
Full assembly-line production is still set for April 2026 — a milestone that carries some weight given Tesla’s track record. The Cybertruck took four years from reveal to road. The second Roadster, announced in 2017, still hasn’t shipped.
What Is the Cybercab?
First shown at Tesla’s “We, Robot” event in October 2024, the Cybercab is a two-seat vehicle with no steering wheel and no pedals. It was built from the ground up for autonomous operation and will be deployable in Tesla’s Robotaxi ride-sharing network.
Owners will also be able to purchase Cybercabs and add them to the network in a revenue-sharing arrangement, similar to the Airbnb model.
One thing to keep in mind: the vehicle may not launch under the “Cybercab” name everywhere. Musk mentioned on the Q4 earnings call that some states restrict use of the words “cab” or “taxi,” so expect something like “cyber car” or “cyber vehicle” in certain markets.
Robotaxi Expansion and the FSD Numbers
Tesla’s Robotaxi service launched in Austin, Texas last June using Model Y vehicles. The company plans to expand to nine cities in the first half of 2026, with Cybercabs joining the fleet over time.
Tesla ended Q4 with 1.1 million active Full Self-Driving (Supervised) subscriptions — up 38% year over year. The system relies on a cabin camera to monitor driver attention and isn’t fully autonomous, but the growth in subscribers shows real traction.
On the regulatory front, California’s DMV had raised concerns about how Tesla marketed Autopilot and Full Self-Driving, arguing the names implied a level of autonomy the systems don’t have. Tesla dropped “Autopilot” from marketing materials and clarified that FSD requires driver supervision. The DMV backed off a suspension that could have affected Tesla’s California dealerships and manufacturing.
Tesla’s market cap sits around $1.4 trillion, with shares up roughly 16% over the past 12 months.
