On the evening of October 11th, when the US stock market opened, the three major indices fluctuated. As of press time, the Dow Jones Industrial Average rose by 0.39%, the Nasdaq Composite fell by 0.19%, and the S&P 500 index increased by 0.15%.

Tesla's stock price fell by 8.15%, with its market value eroding by $62.207 billion (approximately 439.509 billion yuan).

On the morning of October 11th Beijing time, Tesla held a Robotaxi launch event. Musk announced that Tesla's Robotaxi would be named Cybercab.

Musk arrived at the event in a Robotaxi, which lacked a steering wheel and pedals.

Musk stated that he expects the cost of the autonomous taxi, Cybercab, to be less than $30,000 (approximately 210,000 yuan), with transportation costs estimated at around $0.2 per mile. Production is expected to begin in 2026.

Musk also predicted that Tesla would initiate the fully driverless feature (FSD) without supervision in Texas and California next year.

At the event, in addition to the autonomous taxi, Tesla CEO Musk also announced the launch of the Robovan (driverless van), which can carry up to 20 people at a time.

Musk also mentioned significant progress in the development of the Optimus robot. The cost of mass-produced Optimus robots is expected to be between $20,000 and $30,000.

Regarding this launch, Tesla CEO Elon Musk tweeted on September 26th, exclaiming, "This will be one for the history books."

For many investors, the biggest disappointment of this event was Musk's failure to introduce a more affordable electric vehicle (the rumored Model 2, priced at $25,000) to revitalize its aging product lineup.CFRA Research analyst Garrett Nelson expressed his disappointment with the lack of clarity in Tesla's recent product roadmap. "We believe this event did little to change the opaque medium-term profit outlook," he said.

From an outsider's perspective, the mass production timeline is clearly a significant challenge for the Cybercab and all Tesla products. Previously, TF International analyst Ming-Chi Kuo revealed that supply chain surveys indicated Tesla's Robotaxi is not expected to begin mass production until the first quarter of 2027.

Postponing launches has become routine for Tesla. As originally scheduled, this event was to be launched on August 8th of this year, but in early July, Musk stated that Tesla needed more time to make design changes to the vehicle, thus delaying the launch by a full two months. This also led to a significant drop in Tesla's stock price.

Foreign media commented, "Although the pricing of the Cybercab appears attractive, it must be noted that Tesla has a history of overpromising and underdelivering in terms of car pricing. For example, the Cybertruck was initially expected to be priced under $50,000, but now starts at around $80,000."

It is reported that many Wall Street analysts still believe that, given regulatory obstacles and questions about the safety of its autonomous driving technology, Tesla will need several more years to truly implement the Robotaxi. Analysts from the American investment bank Jefferies stated that Musk did not provide "verifiable evidence" of progress in Tesla's autonomous driving technology, which "makes it difficult for us to assess the feasibility of the goals outlined by Musk at the conference, as there is currently no precedent for achieving higher levels of autonomous driving using a vision-only approach."

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