• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Tesla

Tesla design chief drops bombshell leak: The Cybercab will spearhead robotaxi pilot in Texas

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
February 11, 2025, 10:18 AM ET
Tesla designer Franz von Holzhausen arrives at Tesla Worldwide Debut of Model X on February 9, 2012
Tesla chief designer Franz von Holzhausen revealed the Cybercab he helped create will be used when the Austin robotaxi pilot program starts in June.Jordan Strauss—Getty Images for Tesla
  • The revolutionary two-seater will be used in the Austin robotaxi program starting in June, according to Franz von Holzhausen. That suggests Tesla could be much closer to series production of the electric vehicle than previously believed.

Tesla CEO Elon Musk may be much further along in the development of his revolutionary Cybercab than previously believed. 

Recommended Video

During Monday’s episode of Jay Leno’s Garage, chief designer Franz von Holzhausen revealed that Tesla’s purpose-built autonomous car, which has no steering wheel or pedals, will spearhead the company’s crucial robotaxi pilot program in Austin.

“Starting in June, we’ll have Cybercabs rolling around in Texas,” he told the former late-night comedian, who owns an extensive collection of cars.

The Cybercab utilizes a next-generation vehicle architecture that features a completely new production strategy Tesla calls the “unboxed” method. (A good explanation can be found here.)

Traditional factories feature a long, winding assembly line broken down into a series of dedicated workstations, each one adding anything from a dashboard to the car seats.

Tesla believes it can slash up to 50% of the costs by deconstructing this chain so that the various elements of the car can be worked on in parallel. 

Tesla has stated that the vehicle will enter volume production next year, but that is fairly vague guidance.

The company is notorious for its rosy, unrealistic forecasts, even in an industry where launch dates are subject to considerable uncertainty.

For example, the Cybertruck launched two years behind schedule, and it was wildly off the promised price and specifications. 

Until now, there has been little reason to believe the Cybercab would be any different, especially given that it‘s a revolutionary product that Musk believes will account for at least 2 million unit sales annually—more than the record 1.8 million vehicles Tesla delivered to customers in 2023.

Like traveling on a plane or train 

The problem is that the demand for two-seater cars like the Cybercab is tiny compared with a conventional car that can transport five people.

Typically either these are sporty coupes or cabrios like the Chevrolet Corvette and 718 Porsche Boxster, or they’re minicars that aren’t even sold in the U.S. market, such as the Smart ForTwo.

In fact, the unveiling of the Cybercab seemed like nothing more than a calculated gamble by Musk to stave off a collapse in Tesla’s share price. The CEO announced the date of the unveiling within hours of Reuters reporting in April of last year that the “unboxed” entry car on the next-gen platform had been canceled, sending the stock into a tailspin.

Tesla went on to postpone the original August unveil date by two months.

The company has also been quietly telling analysts not to factor much volume from the robotaxi model into their valuation models until around 2027.

That’s in part because there is precious little in the way of regulations permitting the wide-scale use of vehicles that lack any option for manual operation.

Even if Musk can wield his newfound influence with President Trump to have federal legislation, that would only help him in the United States.

However, Tesla believes its technology is ready for primetime despite continued crashes, which suggests that its accident rate is far too high for fully automated driving.

Even Leno, a fan of Tesla, seemed skeptical at the idea of removing the steering wheel entirely.

Engineering chief Lars Moravy sought to allay his concerns, likening it to other forms of modern transportation.

“You get in a plane or train, you have no control, you just get to your destination. It will be similar to that feeling,” he said.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Lucas gestures while sitting.
LawEEOC
The EEOC chair knows gutting diversity reporting will blind the agency to discrimination. She’s doing it anyway.
By Jacqueline MunisMay 28, 2026
2 hours ago
unicorn and gold coins for start up or business concept 3d rendering
Big TechAnthropic
What’s rarer than a unicorn? Anthropic didn’t just join the Series H club, it almost became the first $1 trillion private company ever
By Eva RoytburgMay 28, 2026
2 hours ago
A huge pile of multicolored poker chips.
AIEye on AI
Tokenmaxxing is over. That’s because it never measured what really counts to see ROI from AI
By Jeremy KahnMay 28, 2026
2 hours ago
Federal vs. private student loans: How to choose (and why it matters)
Personal FinanceLoans
Federal vs. private student loans: How to choose (and why it matters)
By Joseph HostetlerMay 28, 2026
3 hours ago
A barista wearing a green apron stands behind the bar and pours a drink into a cup
RetailStarbucks
Starbucks quietly retired its AI agent just months after deployment after it miscounted coffee shop inventories and slowed down baristas
By Sasha RogelbergMay 28, 2026
3 hours ago
A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
Investingfraud
A Google engineer is facing federal charges after allegedly using his employer’s confidential data to pocket $1.2 million on Polymarket
By Marco Quiroz-GutierrezMay 28, 2026
4 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
7 days ago
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
Environment
The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
By Dorany Pineda, Brittany Peterson and The Associated PressMay 27, 2026
1 day ago
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Banking
Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
By Nick LichtenbergMay 27, 2026
1 day ago
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
Economy
Even if every California billionaire left tomorrow, it would take 25 years for the state to lose as much as it stands to gain from proposed wealth tax
By Tristan BoveMay 27, 2026
1 day ago
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
North America
Techlash grows in education: 'My daughter went to middle school and was sent home with a screen addiction in her backpack'
By Jocelyn Gecker and The Associated PressMay 26, 2026
2 days ago
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
Success
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
By Preston ForeMay 26, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.