Electric vehicle maker Tesla (TSLA) has teased new details of its highly anticipated self-driving Robotaxi.
Tesla plans to start selling the Robotaxi, also called the Cybercab, in 2026. Tesla has shown concepts of the Robotaxi since its official unveiling at an event in October.
But until now, few details of the Robotaxi have been made public.
However, Tesla has now said that the self-driving vehicle will contain about half the parts of the company’s most affordable electric vehicle, the Model 3.
This news suggests lower costs to produce the Robotaxi, and possibly a lower price point for consumers.
Analysts have been calling on Tesla to launch a more affordable electric vehicle that will appeal to price-conscious consumers and drive sales.
Tesla has promised to introduce a cheaper electric vehicle in early 2025 but has not provided details on what that vehicle might look like.
However, the company is saying that it plans to develop the Robotaxi using existing models that run on the company’s highest-level driver assistance software, making them more affordable to produce.
Tesla management said on the company’s last earnings call that they are targeting 20% to 30% growth in 2025.
The stock of Tesla has gained 49% this year and currently trades at $369.49 U.S. per share.
