Tesla Cybercab

Elon Musk has unveiled the first driverless taxi, the Cybercab, which has no steering wheel or pedals.

The vehicle will cost $30,000, and rides will be priced at 20 cents per mile.

A driverless bus, the "Robovan," was also announced, which will hold up to 20 passengers and can transport cargo.

Mass production is set to begin in 2026.

However, Musk's new presentation did not impress investors, and Tesla's stock fell by 8%.