Cybercab
Production started per Tesla's Q2 2026 letter. The letter no longer targets volume production in 2026, and no new date was given.
What it is
A two-seat robotaxi with no steering wheel or pedals, built at Giga Texas. It can only drive itself, so it depends on the robotaxi software.↗ source
Why it matters to the stock. Cybercab is the vehicle that would make the robotaxi business cost-competitive, since it has no driver controls to build. Delay here delays the robotaxi revenue case.
News
Tesla secures $30B in new credit lines for Cybercab, Optimus and Semi
Tesla announced $30 billion of new credit facilities on September 29, 2026: a $20 billion three-year delayed-draw term loan from Citibank and an $8 billion five-year revolver from Wells Fargo, plus a $2 billion 364-day revolver.
NHTSA examines Tesla's Cybercab self-certification after the Sept. 3 launch event
NHTSA opened an audit of the process and technical data Tesla relied on when it self-certified the Cybercab as compliant with federal safety standards.
Tesla drops 2026 volume-production targets for Cybercab, Semi and Megapack 3
Tesla's Q2 2026 letter no longer targets 'volume production' of Cybercab, Semi and Megapack 3 in 2026, after saying in January they would reach it that year.
Tesla Q1 2026 revenue $22.4B (+16%), non-GAAP EPS $0.41, GAAP EPS $0.13
Tesla reported Q1 2026 revenue of $22.4B, up 16% year over year, with a GAAP gross margin of 21.1%.
Tesla builds first production Cybercab at Giga Texas
Tesla announced on February 17, 2026 that the first production Cybercab had come off the line at Giga Texas.