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Tesla Teases 'No Steering Wheel, No Pedals' Cybercab Ahead of Austin Event

Tesla teased a driverless Cybercab with new X posts and Austin videos ahead of Thursday's update. Investors are watching whether the company can catch Waymo, with Tesla shares down 21% this year.

AI News Feed · 2026-09-04 02:10

Tesla first showed the Cybercab almost two years ago. The vehicle is designed as a driverless two-seater with butterfly doors and no steering wheel or pedals. The company has been testing a version with human drivers and traditional controls in multiple markets across the U.S., CNBC reported.

On Wednesday, New Street Research analyst Pierre Ferragu and Tesla fans shared video clips on X showing Cybercab vehicles driving on public streets in Austin with no steering wheel or driver on board.

Bullish investors are betting the company will soon launch a wide robotaxi service in several U.S. cities and try to eat into Waymo's lead. Since at least 2016, Musk has promised a vehicle that can drive across the country without human intervention, which has not yet happened. Tesla's current FSD, short for Full Self-Driving (Supervised), requires a human driver at the wheel, ready to steer or brake at any time.

One Tesla Robotaxi tracker estimates Tesla had just over 200 U.S. vehicles registered as "unsupervised," capable of operating without a human driver at least in geofenced areas of certain cities. The vehicles have logged trips in Austin, Dallas, Houston, Miami, Orlando and Tampa, according to the tracker. Tesla also runs a chartered FSD rideshare service in the San Francisco area, using newer Model Y vehicles driven by Tesla employees with a version of FSD that is not yet publicly available, according to Tesla's terms of service. Passengers hail rides using the Tesla Robotaxi-branded app.

By comparison, Google's Waymo operates commercial robotaxi service in 14 U.S. cities with about 4,000 driverless vehicles on U.S. roads and is testing in additional markets.

Morgan Stanley analysts wrote before the expected update that if the event "includes a meaningful rollout of unsupervised" vehicles, Tesla shares should "regain momentum." The stock is down about 21% this year as of Wednesday's close. If the event underwhelms, the analysts said, the market reaction would likely be muted or negative. Morgan Stanley has a $400 price target on Tesla and a hold-equivalent rating. "Continued growth in the unsupervised fleet (Cybercab or Model Y) is key for the stock to outperform through year-end," they wrote.

Texas Department of Motor Vehicles public records show Tesla had 45 Cybercab vehicles authorized for driverless operations in the state, out of 420 Tesla vehicles registered in the state for driverless operations as of Wednesday night. The National Highway Traffic Safety Administration is investigating Tesla in at least two ongoing probes concerning possible safety defects with its partially automated driving systems. Tesla has also been criticized for asking the agency to redact far more information from its crash reports than other automated-vehicle companies, effectively keeping safety data from public view.