TLDR
- Elon Musk confirmed Cybercab production has started, with full production set for April 2026.
- Tesla stock rose ~0.5% Wednesday to $412.51, later trading at $416.46.
- The Cybercab is a two-seat, pedal-free, steering-wheel-free vehicle for Tesla’s autonomous network.
- California’s DMV dropped a potential suspension after Tesla revised its FSD and Autopilot marketing.
- FSD (Supervised) subscriptions reached 1.1 million in Q4, up 38% year over year.
Tesla stock nudged higher Wednesday after Elon Musk confirmed that Cybercab production has officially started — and that full assembly-line production is still on track for April 2026.
Musk announced the news on X Tuesday: “Congratulations to the Tesla team on making the first production Cybercab!” Shares rose around 0.5% to $412.51 in early Wednesday trading. By the afternoon, TSLA was sitting at $416.46, while the S&P 500 gained just 0.1%.
Barclays analyst Dan Levy noted the initial production run is likely for testing and validation, but confirmed the news was “supportive of the April timeline.”
It’s worth noting how rare this is. Musk has acknowledged his own optimism problem. The Cybertruck took four years from reveal to delivery. The second Roadster was announced in 2017 and still hasn’t shipped. Hitting April would be a genuine milestone.
A Car Built for Autonomy
The Cybercab was unveiled at Tesla’s “We, Robot” event in October 2024. It has two seats, no steering wheel, and no pedals — built entirely around the assumption that the car drives itself.
It will feed into Tesla’s Robotaxi network, where owners can also purchase the vehicle and enroll it in a revenue-sharing program, taking a cut when their Cybercab gives rides — an Airbnb-style model for autonomous transport.
There’s a naming wrinkle worth watching. Musk flagged on the Q4 earnings call that some states legally restrict the words “cab” or “taxi,” meaning the vehicle could launch under a name like “cyber car” or “cyber vehicle” depending on the market.
Subscriptions Climbing, Regulators Backing Off
Tesla’s Robotaxi service launched in Austin last June using Model Y vehicles, with plans to expand to nine cities in the first half of 2026 before Cybercabs join the fleet.
On the FSD side, Tesla closed Q4 with 1.1 million active Full Self-Driving (Supervised) subscriptions, up 38% year over year. The software uses a cabin camera to monitor driver attention — not fully autonomous, but the subscriber growth points to real momentum.
Tesla also cleared a regulatory hurdle this week. California’s DMV had moved toward suspending Tesla over how it marketed Autopilot and Full Self-Driving, arguing the names overstated the technology’s capabilities. Tesla dropped Autopilot from its marketing and added clearer supervision language around FSD. The DMV stood down.
A suspension would have impacted Tesla’s California dealerships and manufacturing operations — so avoiding it mattered.
Tesla’s market cap is around $1.4 trillion, with shares up roughly 16% over the past 12 months.
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