Moo Brief: Robotaxi or roller coaster🎢? Are you ready for the ride?

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$Tesla (TSLA.US)$ CEO Elon Musk recently unveiled the Cybercab, the company's first autonomous vehicle, signaling a major shift towards robotics and AI. Priced under $30,000, the Cybercab aims to be accessible for those starting taxi services and is projected to begin production before 2027. Musk envisions this vehicle as a key player in reducing traffic fatalities and transforming transportation into comfortable spaces for relaxation or work.

The Cybercab will compete with services like Waymo and Uber, and Musk believes it could help elevate Tesla's market valuation to $30 trillion. He also announced plans to deploy a fully autonomous driving system in Texas and California next year, allowing owners to earn income by renting out their vehicles. While Musk shared an optimistic vision, he provided few details on the business model or regulatory challenges. The event concluded with a showcase of Tesla's humanoid robots.

Following the event, $Tesla (TSLA.US)$ 's stock experienced significant volatility, initially rising over 5% before plunging nearly 5%. Analysts have cautioned against a potential "sell the news" reaction. The event began nearly an hour late due to a medical emergency in the audience.