Tesla stock nudges higher as Elon Musk unveils a cheaper Cybertruck version and confirms Cybercab production timeline. Read the latest updates now.
Tesla’s share price inched up on Friday, closing at $411.22, a modest 0.1% gain that followed the electric‑vehicle maker’s announcement of a more affordable version of its iconic Cybertruck.
Cheaper Cybertruck Unveiled
CEO Elon Musk took to X (formerly Twitter) to celebrate the rollout, saying the new model would make the futuristic pickup more accessible to a broader audience. While the exact pricing details were not disclosed, analysts expect a notable discount compared with the original launch price, potentially sparking fresh demand.
Cybercab Production Stays on Track
In the same post, Musk highlighted that Tesla’s autonomous‑drive prototype, the Cybercab, is slated to begin production in April 2026. The vehicle, first previewed for a late‑2024 launch, is part of Tesla’s ambition to become a physical AI company—creating products that learn from and interact with the real world.
Despite Musk’s admission that he can be overly optimistic with timelines, the company’s recent progress suggests the schedule remains realistic. The Cybercab is expected to serve both individual owners and businesses looking to operate their own robotaxi fleets.
Robotaxi Expansion Plans
Tesla already operates a robotaxi service in Austin, Texas, using Model Y cars equipped with its Full Self‑Driving (FSD) software. This service directly competes with Alphabet’s Waymo. The company aims to expand the network to nine additional U.S. cities by mid‑2026, with the Cybercab eventually joining the fleet.
Regulatory Relief in California
Positive news also came from California regulators, which approved Tesla’s remedial actions to avoid a potential suspension by the Department of Motor Vehicles. The move clears a hurdle that could have temporarily disrupted dealer operations and vehicle production.
California’s concerns centered on how Tesla marketed its driver‑assistance features, Autopilot and Full Self‑Driving, suggesting they were fully autonomous when, in fact, driver oversight remains mandatory. In response, Tesla has stopped using the Autopilot branding in its marketing and now emphasizes that FSD requires active supervision.
Future of Full Self‑Driving
Long‑term, Tesla plans to evolve FSD into a system that can handle certain driving scenarios without constant driver attention—a milestone investors have long awaited. The company’s ongoing software improvements and data collection from its growing fleet aim to bring that vision closer to reality.
Overall, the combination of a lower‑priced Cybertruck, on‑schedule Cybercab production, and regulatory goodwill paints an optimistic picture for Tesla’s stock and its broader autonomous‑vehicle strategy.