cybercab

Tesla announced its third-quarter performance for 2026. The quarterly revenue was $28.046 billion, essentially flat year-on-year; the net profit attributable to common shareholders was $787 million, a decrease of about 43% year-on-year. GAAP diluted earnings per share were $0.22, down from $0.39 in the same period last year. Operating profit decreased by about 56% year-on-year to $718 million, with an operating profit margin of 2.6%, down 3.2 percentage points year-on-year. The company stated that increased R&D and other operating expenses, reduced regulatory credit income, and declining gross margins in the energy business put pressure on operating profit, with operating expenses rising by about 39%.Overall GAAP gross margin rose to 19.6%, an increase of about 1.6 percentage points year-on-year, and also higher than the previous quarter. The automotive gross margin, excluding regulatory credits, was about 18.1%, improving compared to the previous quarter and the same period last year. The number of vehicle deliveries for the quarter was 486,500, a decrease of 2% year-on-year; production was 464,400 vehicles, an increase of 4% year-on-year. Revenue from the automotive business decreased by about 3% year-on-year, while revenue from energy generation and storage decreased by about 16%, and service and other revenue grew by about 33%.Operating cash flow for the third quarter was $6.263 billion, and free cash flow was $1.531 billion, down from $3.990 billion in the same period last year. The company stated that battery supply continues to limit the increase in vehicle production; mass production of the Semi has started in Nevada, and production of Optimus has begun in Fremont, while Cybercab has been put into operation in the Austin Robotaxi fleet. According to BIT market data, SPCX fell 3.32% in after-hours trading.

Tesla (TSLA.O) executives stated that the Cybercab will be launched in Dallas next month.

Elon Musk stated that the Optimus humanoid robot and Cybercab autonomous taxi will account for the majority of Tesla's value. He believes that, in terms of economies of scale, superintelligence, robotics, solar energy, and large-scale space transportation are the areas for achieving astonishing scale expansion.

Tesla announced that the Cyber Autonomous Driving Vehicle Cybercab will be publicly showcased from September 17 to 27 in Beijing and Shanghai, with static displays at the Tesla Experience Store in Beijing Huamao and the North Hall on LG1 level of Shanghai Xinyetai Guohui.

On September 3 local time, Tesla held a Cybercab launch event in Austin, Texas, USA. This vehicle is a mass-produced model designed for autonomous driving scenarios, eliminating the steering wheel, pedals, and traditional rearview mirrors, and adopting a two-seat layout, with driving entirely controlled by Tesla's autonomous driving software. The Cybercab was unveiled as a concept car at the "We, Robot" event in October 2024, with the first mass-produced vehicle rolling off the line at the Texas Gigafactory in February this year, and mass production starting in April, taking about 18 months from concept to mass production.The vehicle relies on 8 high-definition cameras to perceive the environment and makes driving decisions through an end-to-end neural network, without relying on lidar and high-precision maps. According to Tesla's data, as of September 2026, the global fleet's cumulative assisted driving mileage has exceeded 22.5 billion kilometers. In terms of energy efficiency, it is expected to travel 9.8 kilometers per kilowatt-hour, with an energy consumption of about 10.2 kilowatt-hours per 100 kilometers. The curb weight is 1412 kilograms, equipped with a 47.6 kilowatt-hour battery pack and a 163-kilowatt motor, with a laboratory range of 673 kilometers. After scaling up ride-hailing operations, the cost per mile can be reduced to $0.2, equivalent to about 0.84 yuan per kilometer.The Cybercab will be showcased in multiple cities such as Beijing and Shanghai starting in mid-September. This exhibition does not involve the sale of the vehicle in China, nor does it represent that Tesla will conduct autonomous ride-hailing commercial operations domestically.

Tesla announced that it will hold the Cybercab launch event in Austin, Texas, USA on September 3, 2026. In April of this year, Tesla's autonomous electric vehicle Cybercab officially went into production in North America. The vehicle is powered by AI and does not require a steering wheel, pedals, or rearview mirrors.

ChainCatcher news, according to Jinshi reports, Tesla will launch the autonomous taxi CyberCab and the autonomous Model Y.Musk stated that we believe that over time, the operating cost of CyberCab could be around $0.20 per mile. Including taxes and fees, the final price could be $0.30 or $0.40 per mile. Therefore, we expect the cost to be below $30,000. Tesla may launch the fully autonomous driving (FSD) feature without supervision in Texas and California next year.Musk expects to start production of CyberCab in 2026, with very high production volumes before 2027.In addition, Tesla will also launch the Robovan (autonomous van), which can accommodate 20 people.