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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Musk says Tesla has begun producing its Cybercab Robotaxi
2026-04-24 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
FILE PHOTO: A Tesla Cybercab is displayed at the Los Angeles Auto Show, in Los Angeles, California, U.S., November 21, 2024. REUTERS/David Swanson/File Photo

FILE PHOTO: A Tesla Cybercab is displayed at the Los Angeles Auto Show, in Los Angeles, California, U.S., November 21, 2024. REUTERS/David Swanson/File Photo | Photo Credit: DAVID SWANSON

Tesla Inc. has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday in a post on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped.

The electric-vehicle maker, which previously announced plans to begin making its newest model from this month, envisions the futuristic-looking Cybercab as part of its Robotaxi network, which operates as a mixed fleet of vehicles with and without human safety monitors.

Shares of Tesla rose less than 1% in premarket hours before the start of regular trading. The stock is down 17% so far this year. 

The two-door, two-seat sedan was unveiled two years ago without a steering wheel or pedals — something which would require certain exemptions from US regulators for mass production. Musk has said the Cybercab will be more affordable than other models in Tesla’s lineup but it’s unclear what it will cost.  

Tesla’s ride-hailing business is on track to expand to Phoenix, Miami, Orlando, Tampa and Las Vegas in the first half of this year, it told investors on an earnings call Wednesday. The company began those Robotaxi operations in Austin last year and has slowly expanded since then, including the debut of service earlier this month in Dallas and Houston.

While the company hasn’t provided details about fleet sizes, or disclosed how many vehicles operate without a safety monitor on board, the ramp-up remains slow. Musk said it likely will not see material revenue until at least 2027.

More stories like this are available on bloomberg.com

Published on April 24, 2026