Tesla Just Launched the Cybercab in Austin. Here's How Many People Can Actually Hail One.
Key PointsTesla has over 100 Cybercabs operational in Austin.
Tesla introduced the Cybercab, its inaugural autonomous vehicle for public use, in Austin, Texas. The Cybercab is a compact two-passenger vehicle lacking conventional controls like a steering wheel, accelerator, or brake pedal. While demand for the Cybercab is strong, the service remains relatively limited. Tesla has registered 739 AVs in Texas, including 420 Model Ys and 319 Cybercabs.
The count surged after launch, with 150 Cybercabs added on October 8. However, not all registered vehicles are actively in use. RobotaxiTracker indicates 277 Tesla AVs are operational in Austin, with 107 being Cybercabs. In contrast, Waymo operates over 300 AVs in the city, available 24/7 via the Uber app. Tesla's coverage is limited to 6 a.m. to 11 p.m. Despite representing 39% of Tesla's robotaxi fleet in Austin, Cybercabs only account for 11% of total rides.
While Cybercab demand is evident, Waymo benefits from Uber's extensive user base. The service covers nearly the entire city, and anyone aged 13 or older can request a ride. Initial wait times were lengthy, with the app even topping the App Store's travel category. Investors should monitor Tesla's fleet expansion, particularly Cybercab availability and ride reports.
Expanding the service to other cities and offering round-the-clock operation could enhance Tesla's revenue potential as a significant new source of income for the electric vehicle manufacturer.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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