At 10:00 PM Eastern Time on October 10th, Tesla finally unveiled the long-awaited Robotaxi to the public.

Elon Musk introduced that the Robotaxi is divided into three categories: the first-ever driverless taxi Cybercab, the existing Tesla Model Y equipped with autonomous driving, and the autonomous bus Rrobovan.

In the demonstration, the design of the Cybercab is highly futuristic, with doors that open upwards like butterfly wings. However, the cabin is very small and can only accommodate two passengers. In terms of interior design, the Cybercab has no steering wheel, no pedals, only a smart cockpit, and no charging plug. The entire vehicle will be wirelessly inductively charged.

Musk stated that the Cybercab is expected to be priced below $30,000 and will go into production in 2026 (note: not delivery), reducing the cost of public transportation to 5-10 cents per mile. He also mentioned that the Robotaxi equipped with Full Self-Driving (FSD) is about 10 times safer than human driving, making the car safer and ensuring that time spent in the vehicle is as enjoyable, pleasant, and secure as time spent on a mobile phone.

Similar to the Cybercab, the driverless Rrobovan also has a very avant-garde appearance, with no steering wheel or pedals, and it uses Tesla's FSD technology. Inside the vehicle, both standing and seating spaces are very spacious, and it can accommodate up to 20 people at a time.

With the announcement of the Robotaxi, Tesla has finally achieved Level 5 autonomous driving. Although the models have not yet been mass-produced, Musk stated that in places approved by U.S. regulators, such as California, the Model 3, Model Y, Model S, Model X, and Cybertruck can already achieve fully unsupervised autonomous driving. To date, Tesla has millions of vehicles in training, continuously empowering FSD.

Despite the impressive appearance and fully autonomous driving experience of the Robotaxi, the incremental information provided at the press conference did not meet the public's expectations. The market is concerned about the specific technical principles, business model, and launch timing of the product, which Musk barely mentioned.

The media reported that Musk "provided almost no new details about the business model of Tesla's driverless taxi, such as projections for revenue or market size."

Analysis also stated that at this conference, "Musk did not elaborate on how Tesla will address regulatory obstacles to driverless cars on the road, except to say that the company will provide this service where allowed." Due to some accidents involving driverless cars, regulatory authorities have imposed stricter scrutiny on the companies involved.

As a result, after the press conference, Tesla's stock plunged during the current after-hours trading session, falling from a gain of over 5% to a loss, at one point dropping more than 4%.

Dennis Dick, an equity trader at Triple D Trading, said, "Everything looks cool, but the timeline is unclear. As a shareholder, I'm a bit disappointed. I think the market would like a clearer timeline, but he didn't reveal much specific information."

Regarding future profitability, Huaxin Securities analyzed from both revenue and cost dimensions and believes that the main driver for the cost side of the Robotaxi is the reduction in hardware costs and the improvement in smart driving capabilities, which brings down the cost of remote safety officers per vehicle. On the revenue side, with increased operating hours and reduced empty driving rates, it is expected that the Robotaxi will achieve a balance between profitability and costs per vehicle by 2027.