Lars Moravy said on the third-quarter earnings call that Tesla is trying to get Cybercabs to customers by the end of 2026, but Cybercabs built in Texas currently go to Tesla's internal Robotaxi fleet, and no delivery date, volume, price or ordering process has been given. Elon Musk said the Cybercab will mainly be offered as transport-as-a-service and largely owned by Tesla, so outside buyers are likely fleet and business customers, though an interest form posted September 3, 2026 only asked businesses about fleet purchasing. Production is paced by robotaxi demand and regulatory approvals, with installed capacity above 125,000 units and Dallas robotaxi service planned for November. Shares closed up 3.41% at $386.47 but fell 3.32% to $373.65 after hours, and the stock trades at 402 times earnings. Active FSD subscriptions reached 1.74 million, up 67% from a year earlier.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tesla Wants Cybercabs in Customers’ Hands by the End of 2026
Read the original on Yahoo Finance ↗
Keywords
TSLAelectric vehiclesself-driving cars
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/21/2026 | 386.55 |
| Change that session | +3.44% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Tesla Cybercabs Could Reach Customers by End of 2026, but Elon Musk Says Vast Majority Will Be TSLA-Owned
On Wednesday's Q3 earnings call, Elon Musk said the vast majority of Cybercabs will be owned by Tesla and operated as a transport-as-a-service, rather than sold to consumers. VP of Vehicle Engineering Lars Moravy said Tesla is trying to get Cybercabs to customers by the end of 2026, while AI lead Ashok Elluswamy suspected the first customer vehicles could join the Robotaxi fleet around Q2 next year. Current Cybercab units built in Texas are all going into Tesla's internal fleet. Tesla reported revenue of $28.05 billion, above the $27.88 billion consensus, and EPS of 48 cents against 43 cents expected, although automotive revenue fell 3% year-on-year to $20.56 billion. The company also reported 1.74 million active FSD subscriptions, up 67% year-on-year.
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