Musk hitched a ride in one of the cars on his way to the stage at the automaker’s event in Burbank, California. He also showcased a futuristic-looking Robovan concept that he said could transport as many as 20 people, plus updated versions of Tesla’s humanoid robot, called Optimus.

The robotaxi — which has no steering wheel or pedals — could cost less than $30,000 and “probably” will go into production in 2026, CEO Elon Musk said.

Regulators opened an investigation into Tesla's Full Self-Driving (FSD) system just days after Elon Musk unveiled the robotaxi.

Tesla's investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares.

Tesla, Inc.'s weak Robotaxi event and shaky performance forecast make it a sell for us due to rising competition and lack of upside. Explore more details here.